PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS, LEVERAGE, PERTUMBUHAN PENJUALAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2020

Abstract

This resear chaimed to examine the effect to ffirm size,profitability,leverage,and sales growth on firm value of pharmaceutical companies which were listed on Indonesia Stock Exchange during2016-2020. The research was quantitative. While the population was pharmaceutical companies which were lis te don Indonesia Stock Exchange during2016-2020.Moreover, the data collection technique used purposive sampling. Furthermore, the data were secondaryintheformofcompanies’financialstatements.Additionally,thedataanalysis technique usd multiple linear regression with SPSS25. The research result concluded that firm size had a positive and significant effect on firm value. It meantcompanies had to use their assets optimally in order to increase firmvalue.Likewise,profitabilityhadapositiveandsignificanteffectonfirmvalue.With higher profitability, investors would give their positive signal. On the other hand, leverage had a negative and significant effect on firm value. This meant, companies needed to consider and have strategies in order to reduce debts and profit cost which need to be paid. In contrast, sales growth had a negative and insignificant effect on firm value. Therefore, companies with higher sales growth had to give returns optimally in order to have a positive signal from investors; so that they were interested in investing theirmoney.
Keywords: Firm Value, Firm Size, Profitability, Leverage, Sales Growth