Pengaruh Current Ratio dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Sub Sektor Batu Bara yang Terdaftar di BEI Tahun 2022-2024
DOI:
https://doi.org/10.35870/jemsi.v12i5.7061Keywords:
Current Ratio, Firm Size, Firm Value, Tobin’s QAbstract
This study aims to examine the influence of the current ratio and firm size on firm value in the coal subsector listed on the Indonesia Stock Exchange (IDX) from 2022 to 2024. This sub-sector is known to make a significant contribution to the economy, making firm value a crucial indicator for assessing market confidence and the effectiveness of management performance. The independent variables in this study are the current ratio and firm size (Ln Total Assets). The research employs a quantitative approach using an associative-causal study design, utilizing secondary data from annual reports of 18 companies selected via purposive sampling. The analysis was conducted using descriptive statistics, classical assumption tests, and multiple linear regression. The results indicate that the current ratio has a significant negative effect on firm value, while firm size does not have a significant effect on firm value based on Tobin’s Q. Simultaneously, the current ratio and firm size influence firm value. These findings provide empirical evidence for management in formulating financial decisions and for investors in determining investment strategies.
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