Tiara, Trisha Luvvent, Harini Vita Puteri, Jenny Novita Sari

Pengaruh Profitabilitas dan Likuiditas terhadap Nilai Perusahaan yang Listing di Bursa Efek Indonesia

Introduction

Pengaruh profitabilitas dan likuiditas terhadap nilai perusahaan yang listing di bursa efek indonesia . Analisis dampak profitabilitas dan likuiditas terhadap nilai perusahaan telekomunikasi yang listing di Bursa Efek Indonesia (BEI) dari 2017-2021. Keduanya berpengaruh signifikan.

Abstract

Telecommunication has become a vital aspect in society's day to day activities today. The development of Indonesia's telecommunication system lies in the hands of related companies, particularly those listed in the Indonesian stock exchange market. One method to determine the quality of a business is through identifying the value of a company. The value of a business may be influenced by factors such as profitability and liquidity. This research aims to analyze the impact of profitability and liquidity on the value of companies in the telecommunication sub-sector listed in the Indonesian Stock Exchange Market. This research was done using quantitative methods. The data is collected in the form of each company's annual financial reports from 2017 to 2021, taken from the company's official websites. The data is analyzed through formulas to calculate company value, profitability and liquidity. The results show that both profitability and liquidity has significant influence on company value.

Review

This study, titled "Pengaruh Profitabilitas dan Likuiditas terhadap Nilai Perusahaan yang Listing di Bursa Efek Indonesia," addresses a perennially relevant topic in corporate finance: the determinants of company value. While the title suggests a broader scope, the abstract clearly focuses on the telecommunication sub-sector within the Indonesian Stock Exchange, offering a timely examination given the sector's strategic importance in a developing economy. The research aims to analyze the specific impact of profitability and liquidity on company value, providing a focused objective that is both clear and directly stated. This research contributes to understanding firm valuation drivers within a crucial emerging market sector. The methodology employed is quantitative, utilizing annual financial reports from 2017 to 2021 as data sources, which are appropriate for this type of analysis. The data collection from official company websites enhances data reliability. However, a significant area for improvement lies in the lack of detail regarding the operationalization of variables and the specific analytical techniques. The abstract mentions "formulas to calculate company value, profitability and liquidity," but does not specify the chosen metrics (e.g., Tobin's Q, Price-to-Book for company value; ROA, ROE for profitability; Current Ratio, Quick Ratio for liquidity). Crucially, the abstract omits the particular quantitative method used for analysis (e.g., panel data regression, multiple linear regression), which is fundamental for understanding the rigor and validity of the results. The key finding, as stated, is that "both profitability and liquidity has significant influence on company value." While this result aligns with theoretical expectations in corporate finance, the abstract would benefit from providing more context on the nature of this influence—for instance, whether the relationship is positive, and potentially, an indication of the relative strength of each variable's impact. For a complete review, further details on the statistical significance and practical implications for telecommunication companies and investors would be valuable. Despite the brevity, the abstract outlines a research effort that, with more methodological elucidation, could provide robust insights into firm valuation in a significant Indonesian industry.

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