PENGARUH LIKUIDITAS, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA INDUSTRI FARMASI

Abstract

Firm value is the price for whom investors willing to pay when the company is going to be sold. While, the better the firm value, the more money the owner will get. As consequence, the owner’s wealth is increased. Meanwhile, the firm value are affected by some factors, i.e. liquidity, profitability, and firm size. Therefore, this research aimed to examine the effect of liquidity, profitability, and firm size on the firm value; which was referred to Current Ratio, Return on Asset, of Total Asset on the Price Book Value of pharmaceutical industry companies which were listed on Indonesia Stock Exchange (IDX). The population was 10 pharmaceutical companies which were listed on Indonesia Stock Exchange (IDX) 2013-2017. Moreover, the data collection technique used purposive sampling. In line with, there were 6 companies as sample. Furthermore, the data analysis technique used multiple linear with SPSS. The research result concluded liquidity had negative and insignificant effect on the firm value. On the other hand, proitability had positive and significant effect on the firm value. In addition, the firm size had positive but insignificant effect on the firm value of pharmaceuntical industry which were listed on Indonesia Stock Exchange (IDX) 2013-2017.
Keywords:liquidity, profitability, firm size, firm value