PENGARUH PROFITABILITAS, NILAI TUKAR, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI DI BEI PERIODE 2016-2020

Abstract

This research aimed to observe, test, and analyze the effect of profitability, exchange rate, and investment
decision on the firm value at pharmaceutical companies at IDX in the 2016-2020 periods. Based on data
analysis, the variables used include the dependent variable is firm value and the independent variable is
profitability, exchange rate, and investment decisions. Profitability was measured with return on equity,
the exchange rate was measured with the average exchange in one year, and investment decisions were
measured by the price earning ratio. This research used a comparative causal method with a quantitative
approach. Furthermore, this research sample was obtained by purposive sampling method, it determined
on the certain consideration and criteria. The research population was 11 companies, and the samples
were 7 pharmaceutical companies at IDX 2016-2020. The analytical method used is multiple linear
regression analysis using the SPSS version 25 program. The results of this study indicate that
profitability and investment decisions have a significant effect on firm value. , while the exchange rate
has no significant effect on firm value.
Keywords: profitability, exchange rate, investment decision, firm value