PENGARUH LEVERAGE, LIKUIDITAS, PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PROPERTY AND REAL ESTATE DI BEI

Abstract

There are some purposes in building company, for instance; to get maximum profit, maximize the firm value and to make the shareholder wealthy. This research aimed to examine and find out the effect of leverage ratio, which was measured by Debt to Equity Ratio (DER); liquidity (CR), which was measured by Return on Equity (ROE) on the firm value which was measured by Price Book Value (PBV). The sample was twenty Property and Real Estate companies which were listed on Indonesia Stock Exchange 2015-2017. While, the data analysis technique used multiple linier regression, classical assumption test, proper model test, and hypothesis test; with SPSS 22. The research result concluded Debt to Equity Ratio (DER) and Return on Equity (ROE) had significant effect on the firm value (PBV). On the other hand, Current Ratio (CR) did not have significant effect on the firm value (PBV).
Keywords: debt to equity ratio, current ratio, return on equity, price book value.