PENGARUH STRUKTUR MODAL, KINERJA KEUANGAN, DAN UKURAN PERUSAHAAN PADA NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of capital structure, financial performance, andfirm size on the firm Vlue of manufacturing companies listed on the indonesia stock Exchange 2018-2021. Moreover, the caital structure was a proxy with debt Asset Ratio (DER), Financial performance was a proxy with return on Asset (ROA). Firm size was a proxy with total Asset (SIZE), and Firm value was a Proxy with price Book Value (PBV). The research was quantitative. Furthermore, the data collection technique sed purposive sampling. In line with that, there were 22 samples from 42 companies within the population during 4 years. Additionally, the data analysis technique used multiple linier regression with SPSS (Statistical Product and Service Solution) 25 version. The result indicated that the capital structure had an insignificant effect on the firm value. However, the financial performance had a positive but insignificant effect on the firm value. In contrast, the firm size had a negative and significant effect on the firm value. In Constrast, the firm size had a negative and significant effect on thefirm value.