Pengaruh Leverage, Likuiditas, Profitabilitas, dan Total Asset Turnover terhadap Nilai Perusahaan pada Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2019-2023

Abstract

This study aims to analyze the influence of leverage, liquidity, profitability, and total asset turnover on firm value in mining companies listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. The study adopts a quantitative approach with an associative research design. The data used are secondary data obtained from the companies' annual financial reports. The population of this study consists of 74 companies, and based on specific sampling criteria, a total of 65 samples were selected. The data analysis technique employed is multiple linear regression using panel data, analyzed with EViews software. The results of the study show that, partially, leverage has a positive and significant effect on firm value, liquidity has a positive but not significant effect on firm value, profitability has a positive and significant effect on firm value, and total asset turnover has a positive but not significant effect on firm value.