The Effect of Liquidity, Profitability and Solvency on the Value of the Company(Study of Transportation Sub-Sector Companies Listed on the Indonesia Stock Exchange in 2017-2021)

Authors

  • Dessy Andriany Universitas Mercu Buana Author
  • Yananto Mihadi Putra Universitas Mercu Buana Author
  • Indra Siswanti Universitas Mercu Buana Author
  • Yohanes Ferry Cahaya Perbanas institute Author

DOI:

https://doi.org/10.70550/pelita.v1i2.57

Keywords:

Liquidity, Profitability, Solvency, Company Value

Abstract

This study aims to empirically prove the effect of financial ratios for transportation companies in Indonesia listed on the Indonesia Stock Exchange in the 2017-2021 period on company value. The ratios used in this study are Liquidity (CR), Profitability (ROA), and Solvency (DER). This study used a quantitative approach with sample selection using purposive sampling method. The data used is secondary data and the data analysis used is statistical analysis in the form of multiple linear regression tests with SPSS 23.The results of this study show that partially, the variables of Liquidity (CR), Profitability (ROA), and Solvency (DER) have a positive and significant effect on Company Value measured using Price Book Value (PBV) in companies listed on the Indonesia Stock Exchange (IDX).

Downloads

Download data is not yet available.

References

Andy, E. Y., & Jonnardi. (2020). The effect of profitability, liquidity, and solvency on firm value. Tarumanagara Multiparadigm Accounting Journal, 2(April), 1057–1066.

Brigham and Houston. (2016). Fundamentals of Financial Management. Fundamentals of Financial Management., Jakarta: Salemba Empat, 184.

Ha. (2016). Critical Analysis of Financial Statements. Third printing. 2nd Edition Jakarta. PT. King Grafindo Persada., 301.

Harmono. (2016). Financial Management: A Balanced Scorecard-Based Approach to Theory, Cases, and Business Research. Jakarta: Bumi Aksara., 233.

Hery. (2017). Financial Statement Analysis. PT. Gramedia Widiasarana Indonesia, Jakarta, 295.

Irham Fahmi. (2017). Financial Statement Analysis. Bandung: Alfabeta, 82.

Teak, W. (2020). The Effect of Profitability and Solvency on Company Value (Case Study of the Chemical Sector Manufacturing Industry Listed on the Indonesia Stock Exchange for the 2010-2019 Period). Journal of Computer Science and Business, XI(2a), 113–122.

Cashmere. (2016). Financial Statement Analysis. Jakarta: PT Raja Grafindo Persada, 110.

Meivinia, L. (2019). The effect of liquidity, profitability, capital structure, and interest rates on company value. Journal of Estuarine Economics and Business, 2(2), 377. https://doi.org/10.24912/jmieb.v2i2.1562

Sugiyono. (2018). Mixed Methods. Bandung: CV Alfabeta., 83.

Uli, R., Ichwanudin, W., &; Suryani, E. (2020). The effect of liquidity on company value through capital structure and profitability. Tirtayasa Ekonomika, 15(2), 321. https://doi.org/10.35448/jte.v15i2.6795

Downloads

Published

2024-06-03

How to Cite

Andriany, D., Putra, Y. M., Siswanti, I. ., & Cahaya, Y. F. (2024). The Effect of Liquidity, Profitability and Solvency on the Value of the Company(Study of Transportation Sub-Sector Companies Listed on the Indonesia Stock Exchange in 2017-2021). Pelita : Jurnal Penelitian, Terapan Dan Aplikatif, 1(2), 96-107. https://doi.org/10.70550/pelita.v1i2.57