Open AccessPENGARUH INTELLECTUAL CAPITAL, LEVERAGE, PROFITABILITAS, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN
Author(s) -
Azlin Shakila Putri,
Desrir Miftah
Publication year - 2021
Publication title -
current
Language(s) - English
Resource type - Journals
eISSN - 2721-2416
pISSN - 2721-1819
DOI - 10.31258/jc.2.2.259-277
Subject(s) - profitability index , market liquidity , debt to equity ratio , leverage (statistics) , stock exchange , panel data , current ratio , business , capital structure , debt to capital ratio , return on equity , enterprise value , intellectual capital , return on assets , book value , debt ratio , economics , econometrics , finance , monetary economics , equity ratio , debt , nonprobability sampling , population , mathematics , statistics , demography , earnings , sociology
The objective of this study is to analyze the influence of intellectual capital, leverage, profitability and liquidity on firm value. Firm value is measured by price to book value (PBV), leverage is measured by debt to equity ratio (DER), profitability by return on equity (ROE) and liquidity by current ratio (CR). This research method is a quantitative research with sampling using a purpose sampling technique based on predetermined characteristics as many as 9 pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the period 2016 - 2019. The type of data used is secondary data and the analytical method used is panel data regression using Eviews. The results show that intellectual capital, leverage, profitability have a significant effect on firm value. However, liquidity has no effect on firm value.