THE EFFECT OF FIRM SIZE, LEVERAGE, AND LIQUIDITY ON COMPANY VALUE
Main Article Content
Abstract
Firm value can also be influenced by the company's ability to meet its short-term obligations or often referred to as liquidity. A company that has good liquidity will be considered by investors and creditors as having good performance. So that investors have an interest in investing in the company. This study aims to show the influence of firm size, leverage and liquidity partially on firm value. This study uses a sample of company data listed on the Indonesia Stock Exchange (IDX) for 2019-2021. The sampling method used is purposive sampling method and the samples used are 26 companies. the sample used was 78 data which was processed and analysed using eviews 12 (econometrics views). but it does not have a significant effect, while the firm size variable has a negative relationship to firm value but has a significant effect.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
IJAEB by Graduate Program of Universitas Tarumanagara is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.. Permissions beyond the scope of this license may be available at https://journal.untar.ac.id/index.php/ijaeb
References
Al-Slehat, Z. A. (2019). Impact of Financial Leverage, Size and Assets Structure on Firm Value: Evidence from Industrial Sector, Jordan. International Business Research; Vol. 13, No. 1, 109-120.
Ba-Abbad, K., Zaluki, A., & Ashikkin, N. (2012). The determinants of capital structure of Qatari listed companies. International Journal of Academic Research in Accounting, Finance and Management Sciences, 2(2), 93–108
Brigham, Eugene F. Dan J.F. Houston. 2010. Dasar-Dasar Manajemen Keuangan. Edisi 11. Jakarta: Salemba Empat
Dwipa, I. K., Kepramareni, P., & Yuliastuti, I. A. (2020). PENGARUH LEVERAGE, LIKUIDITAS, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN. Jurnal Kharisma UNMAS .VOL. 2 No. 1, 77-89.
Husna, A., & Satria, I. (2019). Effects of Return on Asset, Debt to Asset Ratio, Current Ratio, Firm Size, and Dividend Payout Ratio on Firm Value. International Journal of Economics and Financial Issues, 50-54.
Jensen, M., C., dan W. Meckling, 1976. “Theory of the firm: Managerial behavior, agency cost and ownership structure”, Journal of Finance Economic
Kasmir. (2012), Analisis Laporan Keuangan. Jakarta : PT. Raja Grafindo Persada
Kristi, N. M., & Yanto, H. (2020). The Effect of Financial and Non-Financial Factors on Firm Value. Accounting Analysis Journal 9(2), 131-137.
M, H. (2019). Capital Structure and Firm Size on Firm Value Moderated by Profitability.
International Journal of Economics and Business Administration Volume VII, Issue 1, 174-191.
Maulida. (2020). TEKNIK PENGUMPULAN DATA DALAM METODOLOGI PENELITIAN. Vol 21, No 2.
PATTIRUHU, J. R., & PAAIS, M. (2020). Effect of Liquidity, Profitability, Leverage, and Firm Size on Dividend Policy. Journal of Asian Finance, Economics and Business Vol 7 No 10, 35-42.
P Sitanggang, 2012, Manajemen Keuangan Perusahaan, Edisi Asli, Mitra Wacana Media, Jakarta
Singapurwoko, Arif. 2011. “The Impact of Financial Leverage to Profitability Study of Non-Financial Companies Listed in Indonesia Stock Exchange”. European Journal of Economics, Finance and Administrative Science, (32), pp: 136-148.
Septriana, I., & Mahaeswari, H. F. (2019). Pengaruh Likuiditas, Firm Size, dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Akuntansi Indonesia, Vol. 8, 109- 123.
Sondakh, R. (2019). THE EFFECT OF DIVIDEND POLICY, LIQUIDITY, PROFITABILITY AND FIRM SIZE ON FIRM VALUE IN FINANCIAL SERVICE SECTOR INDUSTRIES LISTED IN INDONESIA STOCK EXCHANGE 2015-2018 PERIOD. Accountability Volume 08,
Number 02, 91-101.
Zuhroh, & Idah. (2019). The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage. The 2nd International Conference on Islamic Economics, Business, and Philanthropy (ICIEBP) Theme: “Sustainability and Socio Economic Growth”, KnE Social Sciences, 203-230.
Kepramareni, I. Komang Santa Dwipa Putu, and Ida Ayu Nyoman Yuliastuti. 2019. “Pengaruh Leverage, Likuiditas, Profitabilitas Dan Ukuran Perusahaan Terhadap Nilai Perusahaan.” Journal of Chemical Information and Modeling 53(9):1689–99.
Maros, Hikmah, and Sarah Juniar. 2016. “Pengertian Rasio Keuangan.” 1–23.
Natalie, Vannessa, and G. Anggana Lisiantara. 2022. “Pengaruh Profitabilitas ( ROA ), Likuiditas ( AKO ), Ukuran Perusahaan ( SIZE ), Dan Leverage ( LTDER ) Terhadap Nilai Perusahaan.” Riset dan Jurnal Akuntansi 6:4175–86.
Putra, A., and I. Badjra. 2015. “Pengaruh Leverage, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Profitabilitas.” Pengaruh Leverage, Pertumbuhan Penjualan Dan Ukuran Perusahaan Terhadap Profitabilitas 4(7):249411.
Sambora, Mareta Nurjin, Siti Ragil Handayani, and Sri Mangesti Rahayu. 2014. “The Effect of Leverage and Profitability on Firm Value (Study on Food and Beverages Companies Listed on the Stock Exchange for the Period of 2009-2012).” Jurnal Administrasi Bisnis (JAB) 8(1):1–10.
Santoso, Buono Aji, and Irawati Junaeni. 2022. “Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Likuiditas, Dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan.” Owner 6(2):1597–1609.
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Semarang: Badan Penerbit Universitas Diponegoro.
Owolabi, S. A., & Alu, C. N. (2012). Effective Working Capital Management and Profitability: A Study of Selected Quoted Manufacturing Companies in Nigeria. Economic and Finance Review, 6(2057-0401), 55-67
Ramdhonah, Z., Solikin, I., & Sari, M. 2019. Pengaruh Struktur Modal, Ukuran Perusahaan, Pertumbuhan Perusahaan, Dan Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2017). Jurnal Riset Akuntansi Dan Keuangan, 7(1), 67–82. https://doi.org/10.17509/jrak.v7i1.15117
Fahmi, Irham. (2011). Analisis Laporan Keuangan. Bandung: Alfabeta.
Fahmi, Irham (2014). Manajemen Keuangan dan Pasar Modal. Edisi pertama. Jakarta: Mitra Wacana Media.