PENGARUH LIKUIDITAS, LEVERAGE, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP PRICE TO BOOK VALUE (Pada Beberapa Sub Sektor Perusahaan Manufaktur Di Bursa Efek Indonesia)

Abstract

Price to book value the several measure for showing value of the firm. If price to book value increasing, the price of share also increasing. Price to book value will change normal of stock price. If the increasing relative abnormal was down liquidity of price stock. Now several company on the manufacturing sub sector have been price to book value abnormally. The base of the phenomenon goal of the research have improved influence liquidity, leverage, firm size and profitability on price to book value. That study has using 36 companies manufacturing sub sector. The process choose of the firm have doing with purposive sampling. The data resources from Indonesian Capital Market of Directory. The period of the study begin from 2009 until 2012. The variable will be process for the research consist of current ratio, debt to equity ratio, firm size, profitability and price to book value. For the solved or improve of the hypothesis has using statistical analyst. Tool analyst was used Eviews. The result of the test consist of current ratio have not significant on price to book value. The result of the test also founding debt to equity and firm size has significant influence on price to book value for manufacturing sub sector listing in Indonesian Stock Exchange.
Keyword : Liquidity, Leverage, Firm Size and Profitability
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