Pengaruh Profitabilitas, Likuiditas dan Struktur Aset terhadap Perubahan Nilai Perusahaan : Studi pada PT Bank Central Asia Tbk, 2017-2024

Dadang Purwo Ariwidodo; Mohamad Johan Efendi; Elly Djoenarni

doi:10.61132/pajamkeu.v2i6.1850

Authors

Dadang Purwo Ariwidodo Universitas Mayjen Sungkono
Mohamad Johan Efendi Universitas Mayjen Sungkono
Elly Djoenarni Universitas Mayjen Sungkono

DOI:

https://doi.org/10.61132/pajamkeu.v2i6.1850

Keywords:

Asset Structure, Company Value, Financial Statement, Liquidity, Profitability

Abstract

This study examines how changes in company value are affected by profitability, liquidity, and asset structure using a case study of PT Bank Central Asia Tbk from 2017 to 2024. The Fixed Asset Ratio (FAR), which serves as a proxy for asset structure, the Return on Assets (ROA), which measures profitability, and the Current Ratio (CR), which measures liquidity, are the independent variables in the Price to Book Value (PBV) ratio. The study data came from BCA's public annual financial reports, and SPSS software was used to do multiple linear regression analysis. The findings demonstrate that changes in firm valuation are significantly positively impacted by profitability, suggesting that improved profit performance fosters favorable investor attitudes. On the other hand, throughout the observation period, changes in the company's value are not significantly impacted by liquidity or asset structure. This result is consistent with some earlier research, although it varies in the area of liquidity's impact, indicating a lack of consistency among investigations. Practically speaking, banking management may utilize the study's findings to develop financial plans that emphasize boosting profitability in order to optimize business value. Academically, this study adds to the body of knowledge on the elements that influence corporate value, particularly in the Indonesian banking sector, and addresses the present research gap on the impact of liquidity and asset structure.

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