PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

The corporate value is one of the things that can be used as a reference for investors to make investment decisions. High or low the value of the firm will influence how the way investors view the company. Because higher the value of the company can provide maximum shareholder prosperity so that also influence the movement of stock prices. Higher the stock price more higher the shareholder's wealth. This research aims to test the variables of profitability, growth opportunity, and capital structure to the value of the company. The population in this research were all banking companies which listed on the Indonesia Stock Exchange (BEI) during the 2012-2016 period by using the data audited financial statements taken using purposive sampling with the criteria set, so as to obtain 25 banking companies that meet the criteria of research. Technical analysis used in this research is multiple linear regression analysis with SPSS application tool. The results in this research can be concluded that the profitability variable calculated using ROE has a positive influence on firm value, growth opportunity variable has no influence on firm value, and capital structure variable has no effect on firm value.
Keywords: profitability, growth opportunity, capital structure and corporate value.