PENGARUH STRUKTUR MODAL DAN FAKTOR EKSTERNAL TERHADAP NILAI PERUSAHAAN

Abstract

Firm value is reflect how company’s performance is. Therefore, this research aimed to examine the effect of capital
structure and external factor on the firm value of banking sub-sector companies which were listed on Indonesia
Stock Exchange. The research was quantitative. While, the population was 18 Banking sub-sector which were
listed on Indonesia Stock Exchange 2016-2018. Morevore, the data were secondary which taken from annual
report. There was 54 samples. In addition, the data analysis technique used multiple linier regresstion with SPSS
18. Meanwhile, the independent variable were namely capital structure, inflation, exchange rate and interest rate.
Additionally, the dependent variable was firm valu. The research result concluded capital structure, inflation and
exchange rate had positive value on the firm. On the other hand interest rate of Bank of Indonesia did not affect
the firm value. In brief, capital structure and external factor had affected the firm value for about 42,2%
Keyword: PBV, capital structure, external factor