PENGARUH PROFITABILITAS, LIKUIDITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI TAHUN 2016-2020

Abstract

This study aims to determine the effect of profitability, liquidity, and firm size on firm value in pharmaceutical companies on the IDX in the period 2016 – 2020. This study uses the Profitability variable which is measured using the Return On Assets (ROA) proxy, liquidity is measured using the Current Ratio proxy ( CR), and firm size using the SIZE (Ln) proxy. This research uses quantitative research. In taking the sample using purposive sampling technique. Based on this method, there were 7 sample member companies from 11 pharmaceutical companies. The data needed in this study are financial data derived from the balance sheet, income statement, and summary of the performance of the sample member companies. This research uses multiple linear regression analysis, classical assumption test, model feasibility test and hypothesis testing. Based on the test, the research results show that profitability has a positive and significant effect on firm value. Liquidity has a positive and insignificant effect on firm value. And the size of the company has a positive and significant effect on firm value.