FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN BANK BUMN YANG GO PUBLIC

Abstract

This study aims to determine the effect of profitability, size, growth, capital structure, liquidity, dividend payout ratio, leverage, and non-performing loans on the firm value of state-owned banks that go public. This study's population is comprised of state-owned banks listed on the Indonesia Stock Exchange for the observation period 2011-2020. This research method uses purposive sampling with a total of 4 companies. The analysis in this study was carried out using Partial Least Square Structural Equation Modeling (PLS-SEM) using the SmartPLS analysis tool. Partially the results in this study indicate that profitability and firm size have a significant positive effect on firm value. Good profitability for the company shows the company's ability to generate net income. The amount of total assets reflects a company that is relatively more stable than companies with smaller total assets. Meanwhile, company growth, capital structure, liquidity, dividend policy, leverage, and non-performing loans do not affect firm value.