Pengaruh Rasio Keuangan Terhadap Nilai Perusahaan Pulp and Paper yang Tercatat di BEI Periode 2016-2020

Abstract

Penelitian ini dilakukan untuk mengetahui Pengaruh Rasio Keuangan Terhadap Nilai Perusahaan Pulp and Paper yang Tercatat di BEI Periode 2016-2020. Jenis data dalam penelitian ini yaitu data sekunder dan sumber data yang digunakan berupa laporan keuangan tahunan antara 2016-2020 pada perusahaan Pulp and Paper yang tercatat di Bursa Efek Indonesia. Teknik pengambilan sampel menggunakan purposive sampling dengan menggunakan beberapa kriteria dalam mengambil sampel sehingga diperoleh lima perusahaan yang menjadi sampel dalam penelitian. Alat untuk menguji penelitian menggunakan program Eviews. Teknik analisis data yang digunakan adalah uji Normalitas, uji Multikolinearitas, uji Heterokedastisitas, Model regresi data panel (Common Effect Model, Fixed Effect Model dan Random Effect Model), Pemilihan Model Estimasi Regresi Data Panel (Uji Chow, Uji Hausman dan Uji Lagrange Multiplier), dan Uji Hipotesis (Uji-t Parsial, Uji F Simultan dan Uji Koefisien Determinasi. Hasil uji penelitian yaitu Return on Asset (ROA) terhadap Price Book Value (PBV) berpengaruh positif dan signifikan. Hasil uji Current Ratio (CR) terhadap Price Book Value (PBV) negatif dan signifikan. Hasil uji Debt to Equity Ratio (DER) terhadap Price Book Value (PBV) negatif dan signifikan This study was conducted to determine the effect of financial ratios on the value of pulp and paper companies listed on the IDX for the 2016-2020 period. The type of data in this study is secondary data and the data source used is in the form of annual financial reports between 2016-2020 on Pulp and Paper companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling by using several criteria in taking samples so that five companies were obtained as samples in the study. A tool to test research using the E views program. The data analysis techniques used are Normality test, Multicollinearity test, Heteroscedasticity test, panel data regression model (Common Effect Model, Fixed Effect Model and Random Effect Model), Selection Of Panel Data Regression Estimation Model (Chow test, Hausman test and Lagrange Multiplier test).and Hypothesis Testing (Partial t-Test, Simultaneous F- Test and Coefficient Of Determination Test). The results of the research test are Return on Assets (ROA) test on Price Book Value (PBV) have a significant and positive effect. The results of the Current Ratio (CR) test to Price Book Value (PBV) are negative and significant. The results of the Debt to Equity Ratio (DER) test on Price Book Value (PBV) are negative and significant.