PENGARUH PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SEKTOR ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2023

Faurizki Oktavia  Damayanti; Nur  Laily

Faurizki Oktavia Damayanti Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Nur Laily Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: profitability, liquidity, leverage, and firm value

Abstract

This research aims to determine and analyze the effect of probability, liquidity, and leverage on the firm value at the Energy sector companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023.The research was causal-comparative with a quantitative approach. Furthermore, the population consists of Energy sector companies, whose financial statements use the rupiah currency and are listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The data collection technique used purposive sampling by taking determined criteria to obtain a total of 6 companies that meet the criteria. Moreover, the data were taken for 5 years (2019-2023). Therefore, it obtained 30 companies’ processed data samples. The data analysis technique used multiple linear regression analysis with the IBM SPSS software 26 version.The result shows that profitability (Return On Assets) has a positive but insignificant effect on the firm value. On the other hand, both liquidity (Current Ratio) and Leverage (Debt to Assets Ratio) have a negative and significant effect on the firm value.