MODELING FIRM VALUE ON INFRASTRUCTURE, UTILITY, AND TRANSPORTATION COMPANIES

Abstract

This study aims to determine the effect of liquidity, leverage, profitability, and firm size on firm value in infrastructure, utilities, and transportation companies listed on the Indonesia Stock Exchange in 2018-2021. This research was conducted with a quantitative approach. The population comprised of 58 infrastructure, utility, and transportation companies listed on the Indonesia Stock Exchange from 2018 to 2021. The sample was selected using the purposive sampling method, and a sample of 43 companies was obtained so that the research data totaled 172. The analysis technique used in this study was a data panel regression. The results of this study indicate: (1) Liquidity has no effect on firm value. (2) Leverage has no effect on firm value. (3) Profitability affects firm value. (4) Firm size has no effect on firm value. (5) Liquidity, leverage, profitability, and firm size simultaneously affect firm value.