THE EFFECT OF PROFITABILITY, LEVERAGE AND LIQUIDITY ON THE VALUE OF GO-PUBLIC BANKING SUB-SECTOR COMPANIES LISTED ON THE IDX
DOI:
https://doi.org/10.52630/jmbv.v12.i02.43Keywords:
return on assets (ROA), debt to asset ratio (DAR), loan to deposit, ratio (LDR), price to book value (PBV)Abstract
Abstract
The purpose of this study is to provide empirical evidence of the effect of profitability, leverage and liquidity on the firm value of go-public banking sub-sector that are listed on the indonesian stock exchange for the 2017-2021 period. The sampling technique used in this study was purposive sampling with a total of 10 companies that met the criteria in the banking sub-sector listed on the indonesian stock exchange. The data used in this research is secondary data. The data analysis technique used in this study is multiple linear regression analysis assisted by the application of SPSS version 25. The results show that simultaneously return on assets (ROA), debt to asset ratio (DAR) and loan to deposit ratio (LDR) have a significant effect on price to book value (PBV). Partially, ROA has a positive and significant effect on PBV. DAR has a negative and is not significant to PBV. LDR has a negative and is not significant to PBV.
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