PENGARUH STRUKTUR MODAL, PERTUMBUHAN PERUSAHAAN, PROFITABILITAS DAN UKURAN PERUSAHAAN PADA NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of capital structure, a company’s growth. Profitability and firm size on
the Food and Beverages company listed on Indonesia Stock Exchange (IDX). Furthermore, the research population
was 26 companies it obtained 16 companies as a sample during the 2017-2020 period. The sample collection
technique was the purposive sampling method, a sample selection with determining criteria. Moreover, the data
was a companyy’s annual report taken from Indonesia Stock Exchange (IDX). This research used the quantitative
method. Based on the purposive sampling it obtained. Moreover, the data analysis technique used descriptive
statistic analysis and multiple linear regression with SPSS 26 version. The research result concluded that the
variable of capital structure did not affect the firm value. These showed that any increase or decrease on capital
strukcture did not affect the value of the company which was reflected in its stock price. The company’s growth
had a significant effect on the firm value. It showed that the higher of growth value, the greater the decision of
investors to invest their stock. Profitability did not affect the firm value. It showed that the smaller the value of
profitability, the value of the company would also decrease due to the company's lack of interest in buying the
company’s stocks. Firm size had a positive effect on the firm value. It indicated that the higher the firm size, the
higher also the firm value. In addition, the investors were interested in a high firm value because the quality was
considered best known by the public.