ANALYSIS OF THE INFLUENCE OF FUNDAMENTAL FACTORS ON FIRM VALUE IN TELECOMMUNICATIONS COMPANIES LISTED ON THE BEI
Keywords:
Liquidity, Solvency, Profitability, Firm ValueAbstract
This study aims to determine the effect of liquidity, solvency, and profitability on firm value. The independent variables in this study are liquidity, solvency, and profitability. The dependent variable in this study is firm value. The population in this study is telecommunications companies listed on the IDX for the period 2015-2022. The method of determining the sample that was used in this study was purposive sampling, namely the sampling technique using certain criteria, obtained 5 companies that met the sample criteria in this study so that the total sample in this company was 40 samples. The analysis method used in this study is multiple linear regression analysis method. The results of this study indicate that liquidity has a negative but insignificant effect on firm value while solvency and profitability have a positive and significant effect on firm value.
Downloads
References
Dewi, K. Y., & Rahyuda, H. (2020). The effect of profitability, liquidity and dividend policy on firm value in the consumer goods industry sector on the IDX. E-Journal of Management, Udayana University, 9(4), 1252.
Hanifah, N. (2020). The effect of liquidity, leverage, and profitability on firm value (study of food and beverage sub-sector companies listed on the IDX). Scientific Journal of FEB Students, 8 (1).
Kariyoto. (2017). Financial Statement Analysis. Malang: Brawijaya University.
Komala, P. S., Endiana, I. D. M., Kumalasari, P. D., & Rahindayati, N. M. (2021). The Effect of Profitability, Solvency, Liquidity, Investment Decisions and Funding Decisions on Firm Value. KARMA (Accounting Student Research Works), 1(1).
Lumentut, F. G., & Mangantar, M. (2019). The effect of liquidity, profitability, solvency, and activity on the value of manufacturing companies listed in the Kompas100 Index for the period 2012-2016. EMBA Journal: Journal of Economic Research, Management, Business and Accounting, 7(3).
Pujarini, F. (2020). The effect of financial performance on firm value. Journal of Accounting & Management Innovation, 4(1), 1-15.
Putri, R. W., & Ukhriyawati, C. F. (2016). The Effect of Liquidity, Leverage and Profitability on Firm Value in Telecommunication Companies Listed on the Indonesia Stock Exchange in 2012-2014. Bening, 3(1).
Rumengan, J., Murni, S., & Untu, V. N. (2020). Analysis of Fundamental Factors on the Value of Manufacturing Industry Companies on the Indonesia Stock Exchange. EMBA Journal: Journal of Economic Research, Management, Business and Accounting, 8(4).
Spence, M. (1973). Sinyal Pasar Tenaga Kerja (Job Market Signaling). The Quarterly Journal of Economics, 87(3), 355-374. https://doi.org/http://www.jstor.org/about/terms.html
Sudana (2015). Theory and Practice of Corporate Financial Management (revised ed.). Jkarta: Erlangga
Sudana (2015). Teori dan Praktik Manajemen Keuangan Perusahaan (ed. Revisi). Jkarta: Erlangga
Zulfikar. (2016). Introduction to Capital Markets with a Statistical Approach. Yogyakarta: Deepublish.




