The Effect of Leverage and Profitability on Firm Value at PT. Indofood Sukses Makmur Tbk.
Abstract
This study aims to determine the effect of leverage and profitability on firm value at PT. Indofood Sukses Makmur Tbk. The research method used in this research is descriptive research, the research variables used in this study use statistical tests which include classical assumption tests and multiple linear regression. In the classical assumption, the test instruments used by the researcher are normality, multicollinearity, heteroscedasticity and autocorrelation tests. Partially, the researcher used the t-test, while simultaneously using the F-test, which was then continued by using the coefficient of determination test. Based on the results of the research, the results of the t-test were obtained tcount < ttable (-1.269 <1.860) with a significant value of the Debt to Equity Ratio (DER) variable of 0.240 > from 0.05 or 5% meaning that partially the Debt to Equity Ratio (DER) variable no significant effect on Price Book Value (PBV). And the value of tcount Return On Assest (ROA) is less than the value of ttable or (-0.582 < ttable 1.860) with a significance value of 0.576 which means that this value is more than the level of significance (0.576 > 0.05) meaning that partially the Return On Assest variable ( ROA) has no significant effect on Price Book Value (PBV). For the F test, the Fcount value of 1.042 is smaller than Ftable 4.437 with a significant 0.396 greater than 0.05 or (Fcount < FTable) and Fsignificant > 0.05) which means that simultaneously Debt to Equity Ratio (DER) and Return On Assets (ROA) has no significant effect on the Price Book Value (PBV) variable. The results of multiple linear regression analysis obtained the equation Y = 4.234-1.841X1 -8.734X2 + ε
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