PENGARUH LIKUIDITAS, SOLVABILITAS, PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FARMASI

Abstract

This research aimed to examine the effect of liquidity, solvability, and profitability on the firm value, through annual financial statements that Pharmaceutical companies published during 2016-2020 . The population was all Pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) consisting of 10 respondents during 2016-2020. Moreover, the data collection technique used saturated sampling. In line with that, there were 8 companies as the sample. The data analysis technique used multiple regression and classical assumption tests with SPSS (Statistical Product and Service Solution) 25. The result showed that liquidity had a positive and significant effect on the firm value of Pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during 2016-2020. Likewise, solvability had a positive and significant effect on the firm value of Pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during 2016-2020. On the other hand, profitability had a negative and insignificant effect on the firm value of Pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during 2016-2020.