Pengaruh profitabilitas, likuiditas, leverage, dan ukuran perusahaan terhadap nilai perusahaan

Abstract

Currently maximizing the company has become the goal of every company. This can be seen from the value of the stock, if the value of the stock is high then the value of the company will be good. This research aims to determine the effect of profitability, liquidity, leverage, and firm size on firm value. The method used in this research is causal analysis, two or more variables to determine the correlation between the two. The sampling technique used is purposive sampling. The data used in this research is secondary data obtained from the Indonesia Stock Exchange. This research uses 70 sample data from 14 manufacturing companies in the food and beverage sub-sector listed on the Indonesia Stock Exchange for the 2016-2020 period. The data analysis method used is multiple linear regression analysis. The test results show that profitability, liquidity, leverage, and firm size simultaneously affect firm value in the food and beverage sub-sector. Partially, profitability has a significant and positive effect on firm value, liquidity has a significant and positive effect on firm value, leverage has no effect on firm value, and firm size has a significant and positive effect on firm value.

The Effect of Liquidity, Leverage, Profitability and Firm size on Financial Distress with GCG as a Moderation Variable

“…Liquidity ratios negatively increase financial distress risk (Bukhori & Meilani, 2019). However, contrary to research Azalia & Rahayu (2019) and Fitria & Syahrenny (2022), liquidity ratios did not predict financial distress.…”

“…From the results and discussions described, H2, which states that liquidity positively affects financial distress, is Accepted. The results of this study are supported by other researchers, namely Fitria & Syahrenny (2022) and (Nilasari, 2021).…”

“…High profitability makes the company increasingly away from conditions of financial distress. These results support study Azalia and Rahayu (2019), Kusumayani et al, (2019) and (Fitria & Syahrenny, 2022). Liquidity ratios predict financial performance for a short period.…”

“…The greater the leverage value owned by the company, the more likely the company cannot pay off obligations in the future, so the higher the possibility of financial problems. Results of research conducted by Bukhori and Meilani (2019) and Fitria & Syahrenny (2022) show that the leverage ratio significantly positively affects financial distress conditions. The research is in line with research (Septiani & Dana, 2019).…”

“…A company that can pay short-term debt to avoid liquidity can be said to be liquid (Putri, 2021). Bukhori and Meilani (2019) and Fitria & Syahrenny (2022) research shows that the leverage ratio positively affects predicting financial distress. In contrast to what Oktaviani et al (2019) stated It was found that leverage negatively affected financial distress.…”