PENGARUH PROFITABILITAS, LIKUIDITAS, DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR DI BEI

Abstract

This research aimed to find out the effect of profitability, liquidity, and firm growth of manufacturing companies which were listed on Indonesia Stock Exchange (IDX) 2014-2018. While, profitability was measured by Return On Equity, liquidity was measured by Current Ratio, and firm growth was measured by Asset Growth. The population was 146 manufacturing companies which were listed on Indonesia Stock Exchange (IDX) 2014-2018. Moreover, the data collection technique used purposive sampling. In line with, there were 15 companies as classical assumption test, F-test, t-test, and determination coefficient (R2) test with SPSS (Statistical Product and Service Solution) 22. Based on data analysis, the independent variable were profitability (ROE), liquidity (CR), and firm growth (AG). Meanwhile, the dependent variable was firm value (PBV). In addition, the research result concluded profitability had positive and significant effect on the firm value. In contrast, liquidity had negative and significant on the firm value. On the other hand, firm growth had positive but insignificant effect on the firm value.
Keywords: Profitability, Liquidity, Firm Growth, Firm Value