Factors Affecting Firm Value in the Building Construction Sub-Sector Listed on the Indonesia Stock Exchange

Abstract

This study aims to determine the effect of liquidity, solvency, activity, and profitability on firm value. The research design is causal. The population in this study comprises companies in the building construction sub-sector listed on the Indonesia Stock Exchange during 2019–2023. The sample was selected using non-probability sampling with purposive sampling method, resulting in 8 companies. The data analysis method used in this study is panel data regression analysis with the help of E-Views 13 to determine the significance level between the dependent and independent variables. The results of this study indicate that liquidity has no effect on firm value, solvency has a positive effect on firm value, activity has no effect on firm value, and profitability has a positive effect on firm value.