PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PROPERTY AND REAL ESTATE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to find out and to test impact of the modal structure, the profitability, and the liquidity toward the firm value of the Property and Real Estate companies which are registered in Indonesia’s Stock Exchange. The modal structure is measured by the debt to equity ratio, the profitability is measured by the return on equity, and the liquidity is measured by the current ratio, while the firm value is measured by the price to book value. The type of this study is quantitative. The population of this study are 12 property and real estate companies which are registered in Indonesia’s Stock Exchange. The samples are collected by applying the saturated sampling, the technique for determining the samples if all the population are applied as the samples. Based on saturated samples, there are 12 property and real estate companies which are registered in 2015-2019 period. The analysis technique of this study applies the multiple linear regression and applies SPSS version 25. The result of this study shows that the modal structure gives significant and negative impact to the firm value, the probability gives significant and positive impact to the firm value, while the liquidity gives significant and negative impact to the firm value of the property and real estate companies which are registered in Indonesia’s Stock Exchange in 2015-2019 period.
Keywords : the modal structure, the profitability, the liquidity, the firm value