The Effect of Financial Performance on the Value of Manufacturing Companies
Abstract
This study aims to determine the effect of financial performance on the value of manufacturing companies in the cosmetics sub-sector on the Indonesian stock exchange. The sample selection technique used was purposive sampling and obtained six cosmetic sub-sector companies with a research period of five years so that 30 samples were obtained in this study. The data analysis method in this study is descriptive analysis, classical assumption test, multiple linear regression analysis. The results showed that the liquidity ratio had a positive and insignificant effect on firm value, profitability had a positive and significant effect on firm value, solvency had a negative and insignificant effect on firm value, and activity had a positive and significant effect on firm value
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References
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