PENGARUH PROFITABILITAS, KEBIJAKAN HUTANG DAN PERTUMBUHAN PENJUALAN TERHADAP NILAI PERUSAHAAN RITEL DI BEI

Abstract

This research aimed to find out the effect of profitability, debts policy and sales growth on the firm value of Retail companies which were listed on Indonesia Stock Exchange (IDX) during 2015-2019. The population was 25 Retail companies which were listed on Indonesia Stock Exchage (IDX) during 2015-2019. Moreover, the data collection technique used puposive sampling, in which the sample was based on criteria given. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 25. The result of data analysis concluded variables were consist of dependent variable, i.e. Price to Book Value (PBV) and independent variables, namely profitability which was measured by ROA (Return On Asset), debt policy which was measured by DER (Debt to Equity Ratio) and sales growth. In addition, the research result concluded profitability had a positive and significant effect on firm value. Likewise, debt policy had a positive and significant effect on firm value. On the other hand, sales growth had a negative and insignificant effect on firm value.
Keywords: profitabiliy, debt policy, sales growth, firm value