The Influence of Profitability, Liquidity, and Leverage on Company Value in Companies Listed on the Indonesian Stock Exchange

Levi Soleha, Hasim As'ari

Abstract


Intense corporate competition requires companies to further improve their performance and innovate with their products so that they are better known to the public. To improve performance and product innovation, companies need more funds. With very tight competition, every company in the middle sector will increasingly try to improve its performance to maximize company value by carrying out various innovations and business strategies to avoid bankruptcy that could be experienced by the company, at least people will try to fulfill their health. The purpose of this research. This research aims to analyze the influence of Profitability, Liquidity, and Leverage on Company Value in Companies Listed on the Indonesia Stock Exchange (BEI). Profitability is measured using Return on Assets, Liquidity is measured using the Current Ratio, and Leverage is measured using the Debt to debt-to-equity ratio. This type of research is quantitative research, using a casual comparative method. Data collection in this research uses secondary data in the form of financial reports on the Indonesian Stock Exchange. The sample used in this research uses purposive sampling so that the sample of companies that will be studied is 8 companies listed on the Indonesia Stock Exchange in 2020-2023. Based on the classical assumption test method which shows that all the variables used meet the assumptions and there are no violations, the F test and R test show that the proposed model is suitable for use. Based on the hypothesis test carried out, the variables obtained are; Return on Assets has a positive and significant effect on company value. The Current Ratio has a positive and insignificant effect on company value and the Debt to Equity Ratio does not have a positive and significant effect on company value.

Keywords


Profitability, Liquidity, Leverage, Value Company and Stock Exchange

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DOI: http://dx.doi.org/10.21927/jesi.2024.14%20(1).260-274

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