PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN
This research aimed to examine the effect of capital structure, profitability, and ownership structure on firm value. Capital structure was measured by Debt to Equity Ratio (DER), profitability was measured by Return On Asset (ROA), and ownership structure was measured by Managerial and Institutional Ownership. While the firm value was measured by Price to Book Value (PBV). The research was quantitative. Moreover, the population was Food and Beverage companies that were listed on the Indonesia Stock Exchange. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 11 companies as the sample. Furthermore, the observation period was 5 years (2017-2021). Additionally, the data analysis technique used multiple linear regression with SPSS 25. The result concluded that (1) capital structure had a negative and significant effect on firm value, (2) profitability had a positive but insignificant effect on firm value, (3) managerial ownership had a significantly positive effect on firm value, and (4) institutional ownership had a positive but insignificant effect on firm value.