PENGARUH STRUKTUR MODAL, SUKU BUNGA, DAN KEPEMILIKAN MANAJERIAL TERHADAP NILAI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

Abstract

This research examined the firm value's effect on capital structure, interest rate, and managerial ownership. The capital structure was measured by Debt to Equity Ratio, interest rate with SBI, and Managerial ownership was measured by the percentage of shares owned by management to the total outstanding stocks. The research was quantitative. Furthermore, the population was Food and Beverage manufacturing companies listed on the Indonesia Stock Exchange. The data collection technique used purposive sampling, i.e., a sampling technique with determined criteria. In line with that, there were 15 companies as the sample with 4 years of observation. In total, there were 60 data obtained. Moreover, the data were secondary, in form of financial statements taken from the Indonesia Stock Exchange. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The statistical test result concluded that capital structure had a negative effect on the firm value. However, the interest rate had a positive effect on the firm value. Likewise, managerial ownership had a positive effect on the firm value.