PENGARUH PROFITABLITAS, LIKUIDITAS, SOLVABILITAS DAN NILAI TUKAR TERHADAP NILAI PERUSAHAAN PADA PERKEBUNAN

Abstract

This research aimed to find out the effect of profitability, liquidity, solvability, and exchange rates on the firm value in the plantation sector. Furthermore, profitability was proxy by Return On Equity (ROE), liquidity was proxy by Current Ratio (CR), solvability was proxy by Debt to Asset Ratio (DAR), and exchange rate. This research was comparative casual research. Meanwhile, the sample of this research used a saturated sample. The population of this research used the planation sector listed on IDX who had ever reported the financial statement in a form of financial performance, it was 12 companies in the periods of 2015-2019. Furthermore, the analysis method of this research used multiple liniear regressions analysis with the program of SPSS 24 version. The result of this research showed that profitability had a positive and significant effect on the firm value, liquidity had positive and significant effect on the firm value, solvability had a positive and significant effect on the firm value, and the exchange rate had negative but significant on the firm value.
Keywords: profitability, liquidity, solvability, exchange rates, firm value