ANALYSIS OF THE EFFECT OF LIQUIDITY RATIOS, SOLVABILITY RATIOS AND PROFITABILITY RATIOS ON FIRM VALUE IN GO PUBLIC COMPANIES IN THE AUTOMOTIVE AND COMPONENT SECTORS

Suhesti Ningsih, Shinta Permata Sari

Abstract


The research objective to be achieved in this study is to determine the effect of financial ratios on firm value in publicly listed companies in the automotive and component sub-sectors. The financial ratios used for analysis are the current ratio (CR), debt to total asset ratio (DAR) and return on assets (ROA). To measure the value is the price to book value (PBV). The method of analysis in this study is quantitative data analysis, to quantitatively estimate the effect of independent variables simultaneously (together) or partially (individually) on the dependent variable. From the results of the partial analysis test, the results show that CR and DAR do not affect the value of the company in automotive and component companies because it has a significance value greater than 0.05, 0.0875 and 0.084. While ROA has a significance value of 0.00> 0.05, this means that ROA affects the firm's value. Simultaneous test results show that jointly affect the value of the company in automotive and component companies, this is evidenced by the value of F has a coefficient of 0,000.

Keyword : Current Ratio, debt to total asset ratio, return on Assets, price to book value.

Full Text:

PDF

References


Brigham, Eugene F and Houston, Joel F. (2011). Essential of Financial Management, Terjemahan, Jakarta. Salemba Empat.

Fitri N, Nurhayati dan Helliana (2018) Pengaruh Current Ratio dan Struktur Modal terhadap Nilai Perusahaan (2018). 816-822.

Ghozali, Imam. 2016. Aplikasi Analisis Multivariete Dengan Program IBM SPSS 23 (Edisi 8). Cetakan ke VIII. Semarang : Badan Penerbit Universitas Diponegoro.

Harahap, Sofyan Syafri. (2011). Analisis Kritis atas Laporan Keuangan. Jakarta: Rajawali Pers

Hasibuan et.al (2016) . Pengaruh Leverage Dan Profitabilitas Terhadap Nilai Perusahaan Jurnal Administrasi Bisnis (JAB)|Vol. 39 No.1 Oktober 2016. 139-147.

Horne, Van & Wachowicz, Jr. 2012. Financial Management. Terjemahan Quratul’ain Mubarakah. Edisi Ketiga belas. Jakarta: Salemba Empat.

Husnan, Suad. (20014). Dasar-Dasar Teori Portofolio dan Analisis Sekuritas, UPP AMP YKPN, Yogyakarta.

Jariah, Ainun. (2016). Likuiditas, Leverage, Profitabilitas Pengaruhnya Terhadap Nilai Perusahaan Manufaktur Di Indonesia Melalui Kebijakan Dividen. Riset Akuntansi dan Keuangan Indonesia, 1(2), pp. 108-118.

Kasmir. (2012). Analisis Laporan Keuangan. Jakarta : PT. Raja Grafindo Persada.

Kretarto, Agus, (2005). Investor Relations. Pemasaran dan Komunikasi Keuangan Berbasis Kepatuhan. Jakarta; Graffiti Pers.

Munawir, S. (2010). Analisis laporan Keuangan, Edisi keempat. Cetakan Kelima Belas. Yogyakarta: Liberty.

Nachrowi, Nachrowi D, dan Hardius Usman. 2006. Pendekatan Populer dan Praktis Ekonometrika Untuk Analisis Ekonomi dan Keuangan. Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia

Novari, Putu Mikhy dan Lestari. (2016). Pengaruh Ukuran Perusahaan, Leverage, Dan Profitabilitas Terhadap Nilai Perusahaan Pada Sektor Properti Dan Real Estate. E-Jurnal Manajemen Unud, Vol. 5, No.9, 2016:5671-5694 ISSN : 2302-8912.

Putra dan Juniariani (2017) Analisis Rasio Keuangan Terhadap Nilai Perusahaan Di Bursa Efek Indonesia. Jurnal Riset Akuntans Umasi, Vol. 7, No.2, 2017:143-150

Putri et al (2016), Pengaruh Rasio Likuiditas Dan Rasio Profitabilitas Terhadap Nilai Perusahaan, Jurnal Administrasi Bisnis (JAB)|Vol.38 No.2 September 2016. 36-45

Pratama, I Gede G. W & Wirawati, Ni G.P. (2016). Likuiditas, Leverage, Profitabilitas, Pengaruhnya Terhadap Nilai Perusahaan Manufaktur Di Indonesia Melalui Kebijakan Dividen. Riset Akuntansi dan Keuangan Indonesia, 1(2), pp. 108-118.

Prasetyorini, Bhekti Fitri. (2013). Pengaruh Ukuran Perusahaan, Leverage, Price Earning Ratio dan Profitabilitas terhadap Nilai Perusahaan. Jurnal Ilmu Manajemen. 1(1). 183-196.

Riyanto, Bambang. (2010). Dasar-Dasar Pembelajaran Perusahaan. Edisi Keempat. Yogyakarta: BPFE

Sabrin, Sarita, B., S, D. T, & Sujono. (2016). The Effect of Profitability on Firm Value in Manufacturing Company at Indonesia Stock Exchange. The International Journal of Engineering and Science 5(10): 81-89.

Sartono, Agus. (2012). Manajemen Keuangan Teori dan Aplikasi. Edisi Keempat. Yogyakarta: BPFE.

Sawir, Agnes. (2008). Analisis kinerja keuangan dan perencanaan keuangan perusahaan. Jakarta : PT. Gramedia Pustaka Utama.

.Sugiarto, M. (2011). Pengaruh Struktur Kepemilikan dan Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Kebijakan Utang Sebagai Intervening. Jurnal Akuntansi Kontemporer, (3) 1: 1-25.

Sugiyono. (2011). Metode Penelitian Bisnis. Alfabeta, CV : Bandung.

Wiagustini, Ni Luh Putu. (2010). Dasar-dasar Manajemen Keuangan. Denpasar: Udayana University Press.




DOI: http://dx.doi.org/10.29040/ijebar.v3i04.752

Refbacks

  • There are currently no refbacks.


International Journal of Economics, Business and Accounting Research (IJEBAR), e-ISSN : 2614-1280 p-ISSN : 2622-4771

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.