PENGARUH STRUKTUR KEPEMILIKAN, KEPUTUSAN PENDANAAN, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research is meant to find out an empirical evidence about some factors which influence firm value
on LQ-45 companies which are listed in Indonesia Stock Exchange. Some factors which have been tested in the
research i.e. institutional ownership, managerial ownership, funding decisions, profitability and firm size.The
samples are 80 LQ-45 companies which are consistently listed in Indonesia Stock Exchange in 2011-2014
periods which have been selected by using purposive sampling method. These factors are tested by busing
multiple regressions analysis at significance level 5 percents by using statistic test instrument the SPSS
(Statistical Product and Service Solutions) 20th version. The result of the analysis show that institutional
ownership has positive influence to the firm value, with the significance value 0,000 is smaller than α= 0,05 and
the regressions coefficient is 3,994. Funding decisions has positive influence to the firm value, with the
significance value 0,000 is smaller than α= 0,05 and the regressions coefficient is 7,272. Profitability has positive
influence to the firm value, with the significance value 0,000 is smaller than α= 0,05 and the regressions
coefficient is 10,603. And firm size has positive influence to the firm value, with the significance value 0,000 is
smaller than α = 0,05 and the regressions coefficient is 4,045. Whereas managerial ownership give no significant
influence to the firm value, with the significance value 0,938 is greater than α= 0,05 and the regressions
coefficient is 0,078.
Keywords: Firm value, ownership structure, decisions funding. Profitability, firm size.