PENGARUH LEVERAGE, PROFITABILITAS DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN YANG TERDAFTAR DI BEI

Abstract

This research is aimed to examine the influence of leverage, profitability and firm size to the infrastructure of firm values which are listed in Indonesia Stock Exchange. The independent variables which have been used in this research are debt to equity ratio (leverage), return on asset (profitability) and firm size. Meanwhile, the dependent variable is price book value (firm value). The population is the infrastructure companies which are listed in Indonesia Stock Exchange (IDX). In this research, the sample collection technique has been done by using purposive sampling. The research data has been conducted by using secondary data which has been obtained from the official website of Indonesian Stock Exchange (www.idx.co.id) and Indonesian Capital Market Directory (ICMD) in a form of financial data in 2012-2015 periods. The result of this research shows that the DER and the ROA give significant and positive influence to the firm value with its coefficient regression of each variables are 1.128 and 10.794 with its significance level is 0,000. Meanwhile, the SIZE does not give any significant influence to the firm value.
Keywords: Leverage, profitability, firm size, firm value.