PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI TAHUN 2019-2023

Abstract

This research examines and analyzes the effect of capital structure, profitability, and liquidity on the firm value of telecommunication companies listed on the Indonesia Stock Exchange (IDX). The capital structure was measured by Debt to Equity Ratio (DER), profitability was measured by Return on Asset (ROA), and liquidity was measured by Current Ratio (CR). Furthermore, firm value was measured by Price Book Value (PBV). The research applies quantitatively. The data were secondary, in the form of companies' financial statements. Moreover, the population was the telecommunication companies listed on IDX during 2019-2023. The data collection technique used was purposive sampling. In line with that, 9 samples from 22 companies were taken. The data analysis technique used was multiple linear regression with SPSS (Statistical Package for Social Science). The result shows as follows: 1) Capital structure has a positive and significant effect on firm value, 2) Profitability has a positive and significant effect on firm value, and 3) Liquidity has a positive and significant effect on firm value.