PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN (PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI)

Abstract

This research aimed to analyze the effect of profitability, liquidity, and leverage on the firm value at pharmacy companies listed on the Indonesia Stock Exchange (IDX). Furthermore, profitability was measured by Return on Assets, liquidity was measured by Current Ratio, and leverage measured by Debt to Equity Ratio. This research was quantitative with a comparative casual method. The data collection of this research used secondary data in a form of a financial statement at the Indonesia Stock Exchange. The sample of this research used sampling purposes therefore it obtained 8 pharmacy companies as samples which were listed on Indonesia Stock Exchange in 2015-2019. Meanwhile, the data analysis used multiple linear regressions. The results showed in the classical assumption test that all the variables used met the assumptions and there was no offense, therefore F test and R test showed that the model was feasible to use. Furthermore, based on the hypothesis it showed that Return on Assets had a positive but insignificant effect on firm value, and Debt to Equity Ratio had a positive and significant effect on firm value.
Keywords: profitability, liquidity, leverage, firm value.