THE EFFECT OF PROFITABILITY, SOLVENCY, AND COMPANY SIZE ON COMPANY VALUE IN VARIOUS INDUSTRIAL SECTORS IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2018-2021

Abstract

This study aims to test and analyze whether Profitability, Solvency, and Company Size have an effect on Firm Value in various industrial sector Manufacturing Companies listed on the Indonesia Stock Exchange in 2018-2021. In this study, a different perspective and year period was used regarding the Company Value. This research takes the perspective of development and management. In this study secondary data were used. The sample of this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021 using purposive sampling method. There are 10 companies that meet the criteria as research samples. This research uses quantitative methods. The research variables used are Profitability, Solvency, and Company Size. The tests used are statistical test analysis, classical assumption test, hypothesis testing (T test and F test) using the Eviews 12 program application. The results of this study indicate that the Profitability variable has a positive significant effect on Firm Value, Solvency has a negative significant effect on Firm Value, and Company Size has no effect and is not significant to Firm Value. Simultaneously, the results of this study indicate that the variables of Profitability, Solvency, and Company Size have an effect on Firm Value.