Pengaruh Leverage, Likuiditas, dan Kepemilikan Institusional terhadap Nilai Perusahaan pada Perusahaan Manufaktur di BEI

Abstract

The value of a company that can be assessed from the movement of the value of shares that go public is very interesting to analyze where fluctuating changes are very difficult to predict, especially in times of unstable economic conditions due to a prolonged pandemic. Researchers are encouraged to conduct research to determine the effect of leverage, liquidity and institutional ownership on firm value in manufacturing companies on the IDX. This study uses secondary data obtained from the financial statements of manufacturing companies for the period 2015-2019 which are published to the public and listed on the Indonesia Stock Exchange (BEI). The results showed that institutional ownership shows a positive effect on firm value, leverage has a negative effect on firm value, while liquidity shows no effect on firm value.

Keywords : leverage, liqudity, institutional ownership, firm value