Pengaruh Profitabilitas, Leverage, Kepemilikan Asing, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan

Abstract

Firm value is proxied by the Price to Book Value which of course relates to the stock price owned by the company. The phenomenon of fluctuations in the value of the company is interesting for further research. Because when commodity prices and company profits decreased during the Covid-19 pandemic, different things happened to firm value. So that potential investors must be able to accurately analyze the condition of the company before making an investment decision, so that investors expectations of the rate of return on investment can be met. The company can develop one of them because of the investors. This study aims to examine the effect of profitability, leverage, foreign ownership, and company size on the firm value of mining companies on the Indonesia Stock Exchange for the 2017-2021 period. The sample used in this study was 200 companies. The sampling method used to obtain samples is a purposive sampling method. Data were analyzed using multiple linear regression using SPSS version 25. The results show that profitability has an effect on firm value. Meanwhile, leverage, foreign ownership, and firm size have no effect on firm value.