PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Studi Empiris Pada Perusahaan Lq45 Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2019

Abstract

Firm value a very important role for the firm. If a firm value is high it will be
followed by high prosperity for its stockholders. Firm value also reflects the
investor's evaluation of the success of a firm and it is often related to the
increase in the stock exchange price. Maximizing the value of the company is
strongly influenced by sources external or internal company funds. The firm
value may be explained by firm profitability. High profitability shows a good
prospect of the firm so that investors will positively respond by increasing the
stock price and the firm value. So, this research aims to prove the effect of profitability on price book value as a measurer of a firm value in the companies
on the Indonesia Stock Exchange in the period of 2015-2019.The sampling
technique in this research used nonprobability sampling (purposive sampling)
with a total sample of 24 companies. The secondary data collection technique
in this research is a literature study. Multiple linear regression is a method used
to analyze the data in this research. The results of this research indicate that
the partial test (t-test) on the variable profitability proxied by return on equity
has a positive and significant effect on price book value. Profitability, which is
proxied by return on assets, has a positive and significant effect on price book
value. Meanwhile, for the simultaneous test (f test) profitability has a positive
and significant effect on price book value.