PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of capital structure, profitability, and investment decisions on the firm value of Indonesia State-owned Enterprises listed on the Indonesia Stock Exchange (IDX) 2018-2021. The research was quantitative. Moreover, the population was 31 Indonesia State-owned Enterprises listed on the IDX. The data collection technique used purposive sampling., in which the sample was based on the criteria given. In line with that, there were 21 samples. Additionally, the data were secondary taken from companies’ financial statements and annual reports. In addition, the data analysis technique used multiple linear regression with F-test and t-test. The result showed that capital structur which was refereed to as DER did not affect firm value. However, profitability which was referred to as ROE had a positive effect on firm value. Likewise, investment decisions that were referred to as PER had a positive effect on firm value.