PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN PADA PERUSAHAAN PERBANKAN DI BEI

Abstract

High  corporate  value  of  a  company  will  attract  investors  to  invest  in  the company.  Company  value  on  companies  that  went  public  in  the  long-term improvement is affected by profi tability, the higher the value of the company’s profi tability  is  also  higher  the  value  of  the  company,  and  the  lower  the profi tability of a company refl ects the low value of the company. Investors buy stocks  in  companies  that  go  pubilc  in  order  to  benefi t  from  the  investments made. This study aimed to analyze the infl uence of Liquidity and Leverage on Profi tability and Value.The population used in this study is a banking company listed  in  Indonesia  Stock  Exchange  (BEI)  in  2007  to  2011  by  31  companies. The sampling technique used was purposive sampling. Samples taken in this study were 20 companies for 5 years. Techniques of data analysis in this study using  Path  analysis.The  results  showed  that:  1)  no  signifi cant  positive  effect of  liquidity  on  profi tability.  2)  leverage  gives  a  signifi cant  positive  effect  on profi tability.  3)  liquidity  is  not  signifi cant  positive  effect  on  a  fi rm  value.  4) Liquidity  positive  effect  on  company  value  through  profi tability.  5)  Leverage gives a signifi cant positive effect on fi rm value. 6) Leverage has a positive effect on fi rm value through profi tability. 7) Profi tability gives a signifi cant positive effect on company value. Keywords :Liquidity, Leverage, Profi tability, Company Value