JRK Maret 2025 PENGARUH RASIO LIKUIDITAS, LEVERAGE, AKTIVITAS, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN INDEKS LQ-45 DI BURSA EFEK INDONESIA TAHUN 2018-2022

Abstract

This study aims to prove the effect of Liquidity Ratio, Leverage, Activity, Profitability and Dividend Policy on Firm Value in LQ45 Index companies on the Indonesia Stock Exchange in 2018-2022. The type of research used in this study is associative research with a quantitative approach. The data collection method used is the sample survey method with research data being secondary data in the form of annual financial reports obtained from www. Idx.co.id. The data analysis technique used is panel data regression analysis. The results of the study indicate that the Liquidity ratio proxied by the Current Ratio has a positive and significant effect on the firm value, the Leverage ratio proxied by the Debt to Equity Ratio has a negative but insignificant effect on the firm value, the Activity ratio proxied by the Total Asset Turnover has a positive and significant effect on the firm value while the Profitability ratio proxied by Return On Assets has a negative but insignificant effect on the firm value and the Dividend Policy proxied by the Dividend payout Ratio has a positive but insignificant effect on the firm value