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

Abstract

This research aimed to find out the effect of profitability, capital structure, growth opportunity, and investment decision to the firm value. Profitability measured by value of Return On Equity (ROE), capital structure was measured by Debt to Equity Ratio (DER), growth opportunity measured with proxy of value of assets change, investment decision measured by Price Earnings Ratio (PER), and firm value measured by Price Book Value (PBV). This research was quantitative. The sample of this research used purposive sampling with certain criteria. Therefore, 84 of observation data form 28 company of infrastructure sector, utility, and transportation which were listed on Indonesia Stock Exchange in 2016-2018. There were 1 outlier data in this research therefore the research data was less than 83. This research used multiple linear regressions analysis model. The result of this research showed that profitability, capital structure, and investment decision gave positive to firm value. Nevertheless, the result of growth opportunity did not have any effect to the firm value at the company of infrastructure sector, utility, and transportation which were listed on Indoensia Stock Exchange in 2016-2018.
Keywords: profitability, capital structure, growth opportunity, investment decision, firm value