STRUKTUR MODAL, LIKUIDITAS,PROFITABILITAS DAN NILAI PERUSAHAAN PADA LEMBAGA PEMBIAYAAN DI BEI

Abstract

This research aimed to find out the effect of capital structure, liquidity, and profitability on firm value of funding institution which were listed on Indonesia Stock Exchange. While, capital structure was referred to Debt to Equity Ratio (DER), liquidity was referred to Current Ratio (CR), and profitability was referred to Return On Equity (ROE). Moreover, the research was quantitative. Furthermore, the population was 17 funding institution which were listed on Indonesia Stock Exchange during the period 2014-2018. Additionally, the data collection technique used purposive sampling in which the sample was based on criteria given. In line with, there were 11 funding institution as sample. In addition , the data analysis technique used multiple linear regression with SPSS (Statistical Product and Sosial Science) 25. Meanwhile, the research result concluded capital structure (Debt to Equity Ratio) had positive but insignificant effect on firm value of funding institution. Likewise, profitability (Retun On Equity) had positive but insignificant effect on firm value of funding institution. On the other hand, liquidity (Current Ratio) had positive and significant effect on firm value of funding institution.
Keywords : capital structure, liquidity, profitability, firm value