PEMODELAN KEBERPENGARUHAN STRUKTUR MODAL, LIKUIDITAS DAN PROFITABILITAS PADA NILAI PERUSAHAAN SUBSEKTOR OTOMOTIF DAN KOMPONEN DI BURSA EFEK INDONESIA TAHUN 2016-2022

Abstract

This study aims to analyze the effect of capital structure, liquidity and profitability on the value
of Automotive and Component Subsector companies on the Indonesia Stock Exchange in 2016-
2022. This type of research is causal associative research with a quantitative approach. The data
collection method used is the sample survey method. The population in this study were 13
companies. The sampling technique used purposive sampling, so that a sample of 8 companies
was selected (56 observation data). The variables in this study are Capital Structure proxied by
Long Term Debt to Equity Ratio (LTDER), Liquidity proxied by Current Ratio (CR), Profitability
proxied by Return On Asset (ROA) and Firm Value proxied by Price to Book Value (PBV). The
data analysis technique uses multiple linear regression analysis. The results of this study indicate
that capital structure and liquidity have a negative and insignificant effect on firm value. Other
findings show that profitability has a positive and significant effect on firm value