PENGARUH PROFITABIITAS, LIKUIDITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN
DOI:
https://doi.org/10.31539/0zvzw660Keywords:
Profitabilitas, Likuiditas, Struktur Modal, Nilai PerusahaanAbstract
This study is conducted to evaluate the extent to which profitability, liquidity, and capital structure can affect the value of a company. In this study, profitability is measured through Return on Assets (ROA), liquidity using current ratio, while capital structure is seen from the ratio of debt to equity (DER). Firm value itself is represented by the Price to Book Value (PBV) ratio. The data used is sourced from the company's published financial statements and analyzed using quantitative methods. A purposive sampling technique was used to determine the sample, while multiple linear regression tests were applied in the analysis process. The findings show that profitability has a significant positive impact on firm value. Meanwhile, liquidity shows no significant effect, and capital structure has a significant negative effect on firm value. These findings are expected to provide strategic considerations for company management in making financial decisions so that the company value remains competitive in the eyes of investors.
References
Arianti, B. F., & Yatiningrum, R. (2022). Pengaruh Struktur Modal, Pertumbuhan Penjualan Dan Keputusan Investasi Terhadap Nilai Perusahaan. Gorontalo Accounting Journal, 5(1), 1-10.
Brigham, E., & Ehrhardt, M. (2016). inancial Management Theory and Practice. Thomson Learning Inc.
Elok, F. H., & Astari, D. (2021). Analysis of Capital Structure on Multinational Corporation: Trade off Theory and Pecking Theory Perspective. Advances in Social Science, Education and Humanities Research, 536, 70-77.
Farizki, F. I., Suhendro, S., & Masitoh, E. (2021). Pengaruh profitabilitas, leverage, likuiditas, ukuran perusahaan dan struktur aset terhadap nilai perusahaan. Ekonomis: Journal of Economics and Business, 5(1), 17-22.
Hasan, S., Elpisah, E., Sabtohadi, J., M, N., Abdullah, A., & Fachrurazi, F. (2022). Manajemen Keuangan. Penerbit Widina. https://books.google.co.id/books?id=LXKCEAAAQBAJ
Herdiani, N. P., Badina, T., & Rosiana, R. (2021). Pengaruh Likuiditas, Leverage, Kebijakan Dividen, Ukuran Perusahaan, Good Corporate Governance dan Sales Growth Terhadap Nilai Perusahaan. Akuntansi Dan Manajemen, 16(2), 87-106.
Irawati, D. M., Hermuningsih, S., & Maulida, A. (2022). Analisis pengaruh struktur modal, ukuran perusahaan, dan pertumbuhan perusahaan terhadap nilai perusahaan. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(3), 813-827.
Ismanto, J., Rosini, I., & Nofryanti. (2023). Pengaruh Enterprise Risk Management, Profitabilitas Dan Kepemilikan Managerial Terhadap Nilai Perusahaan Asuransi Di Bursa Efek Indonesia. Jurnal Informasi, Perpajakan, Akuntansi, Dan Keuangan Publik, 18(2), 199–218. https://doi.org/10.25105/jipak.v18i2.16357
Kasmir. (2018). Analisis Laporan Keuangan. PT. Raja Grafindo Persada.
Mahanani, H. T., & Kartika, A. (2022). Pengaruh struktur modal, likuiditas, ukuran perusahaan, dan profitabilitas terhadap nilai perusahaan. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(1), 360-372.
Oktaviyanti, I., & Sumartik, S. (2023). The Pecking Order Theory Perspective in the Study of Company Capital Structure (Study On Manufacturing Companies On The Indonesia Stock Exchange). JBMP (Jurnal Bisnis, Manajemen Dan Perbankan), 9(1), 53-62.
Pambudi, A. S., Ahmad, G. N., & Mardiyati, U. (2022). Pengaruh Profitabilitas, Likuiditas dan Kebijakan Dividen Terhadap Nilai Perusahaan: Studi pada Industri Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019. Jurnal Bisnis, Manajemen, Dan Keuangan, 3(1), 257–269.
Prakoso, S. T. (2023). Dampak Capital Structur, Liquiditas, Ukuran Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Manajemen Dan Bisnis (J-Mabis), 1(1), 19–24.
Pratama, W. P. (2021). Gara-Gara Pandemi, Premi Asuransi Terkoreksi 7,34 Persen. Finansial Bisnis. https://finansial.bisnis.com/read/20210116/215/1343772/gara-gara-pandemi-premi-asuransi-terkoreksi-734-persenbri
Priyatama, T., & Pratini, E. (2021). Pengaruh struktur modal, profitabilitas, likuiditas, dan ukuran perusahaan terhadap nilai perusahaan (studi empiris pada perusahaan infrastruktur, utilitas, dan transportasi yang terdaftar di bursa efek indonesia periode 2015-2018). Eksis: Jurnal Ilmiah Ekonomi dan Bisnis, 12(1), 100-106.
Puspitasari, F. I., & Sunarto. (2024). The Influence of Leverage, Profitability, Company Size and Company Growth on Firm Value (Empirical Study on Property and Real Estate Companies Listed on the BEI in 2016-2022). COSTING: Journal of Economic, Business and Accounting, 7(3), 5698–5714.
Ross, S. A., Westerfield, R. W., Jordan, B. D., Lim, J., & Tan, R. (2015). Pengantar Keuangan Perusahaan. Salemba Empat.
Saputri, C. K., & Giovanni, A. (2021). Pengaruh profitabilitas, pertumbuhan perusahaan dan likuiditas terhadap nilai perusahaan. Competence: Journal of Management Studies, 15(1), 90-108.
Sari, M., & Mildawati, T. (2017). Pengaruh Keputusan Investasi, Kebijakan Dividen, Leverage Dan Profitabilitas Terhadap Nilai Perusahaan. Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya. Jurnal Ilmu Dan Riset Akuntansi, 6(3), 1071–1088.
Sinta, M. L. (2020). Pengaruh Struktur Aktiva Dan Profitabilitas Terhadap Struktur Modal Pada Perusahaan Sektor Industri Barang Konsumsi [UIN KHAS Jember]. https://digilib.uinkhas.ac.id/6830/
Sugiyono. (2020). Metode Penelitian Administrasi. Alfabeta.
Ulya, R., & Sunarto. (2024). The Influence of Company Size, Capital Structure, Liquidity and Profitability on Non-Cyclical Consumer Sector Company Value on the Indonesia Stock Exchange (Idx) for the Period 2018-2022. COSTING: Journal of Economic, Business and Accounting, 7(4), 9607–9615. www.idx.co.id.
Utomo, M. F. R. W., & Bagana, B. D. (2023). Faktor-Faktor yang Berpengaruh terhadap Nilai Perusahaan pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Periode 2018-2021. Ekonomis: Journal of Economics and Business, 7(2), 1079–1085. https://doi.org/10.33087/ekonomis.v7i2.903
Wirayanti, F. B., & Wirianata, H. (2024). Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan Dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Jurnal Riset Akuntansi Aksioma, 23(2), 252–263. https://doi.org/10.29303/aksioma.v23i2.434ul
Yuniastri, N. P. A., Endiana, I. D. M., & Kumalasari, P. D. (2021). Pengaruh Profitabilitas, Kebijakan Dividen, Keputusan Investasi, Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2017-2019. KARMA (Karya Riset Mahasiswa Akuntansi), 1(1).
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Farkhan Marhendra, Sunarto Sunarto
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
