PENGARUH STRUKTUR MODAL, LIKUIDITAS, DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI

Abstract

This study aims to discuss about the impact of capital structure, the liquidity, and the solvability toward the firm value of the telecomunication companies which a registered in Indonesia’s Stock Exchange in 2012-2019. The type of this study is quantitative which Sugiyono mentioned (2018:15) as the method of the positivism that aims to describe and to test the hypothesis which is made by the researcher. In this study, the sample are collected by the purposive sampling with the determined criteria, this study collects 4 companies as the samples. The study applies the multiple linear regression with SPSS version 25. The result of the study shows that the capital structure give negative and significant impacts to the firm value, the liquidity gives positive and significant impact to the firm value, and the solvability gived positive and insignificant impact to the firm value. It means the capital structure utilizes more assets than debts to fund the companies, then they have the good ability to do the short term duty, and the ability to do the longterm duty which is owned by the infuential company, yet insignificant to the firm value.
Keyword: the capital structure, the liquidity, the solvability and the firm value