PENGARUH LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN LEVERAGE SEBAGAI VARIABEL INTERVENING PADA PT UNILEVER, Tbk YANG TERDAFTAR DI BURSA EFEK INDONESIA

The formulation of the problem of this research is how the effect of liquidity on leverage and the effect of
leverage on the value of the company at PT Unilever, Tbk, which is listed on the Indonesia Stock Exchange. This
study uses a library research design. The data used are secondary data obtained from idx.co.id. Then the data
analysis technique uses descriptive qualitative methods and quantitative descriptive methods. The result of this
study can be summarized as follows: 1. liquidity, leverage, and firm value are good. 2. The results of the first
simple linier regression is Z = 4,736 – 3,796X it means liquidity has a negative influence on leverage. While the
results of the second simple linier regression is Ŷ = 13,952 + 13,633Z it means leverage has a positive influence
on firm value.3. The results of the first correlation coefficient analysis is 0,917 which means a moderactly high
relationship between liquidity with leverage. The first coefficient of determination is 0,840 which means that
84,0% of leverage is explained by liquidity. The second correlation coefficient analysis is 0,769 which means
high relationship between leverage with firm value. The coefficient of determination is 0,591 which means that
59,1% of firm value is explained by leverage.4. The first H
0 hypothesis research is rejected, meaning that
liquidity has a negative significant effect to leverage. While the second H0 hypothesis research is rejected,
meaning that leverage has a positive significant effect to firm value.