PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of profitability, firm size, and capital structure on firm value. Profitability was measured by ROE, firm size was measured by SIZE, capital structure was measured by DER, and firm value was measured by TOBINS Q. The research was quantitative. The population was Property and Real Estate, also infrastructure companies listed on the Indonesia Stock Exchange (IDX). Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 37 samples of Real and Estate also infrastructure companies. Furthermore, the data were taken from 4 years of observation during 2018-2021. In total, there were 148 data samples. The data analysis technique used multiple linear regression with SPSS 26.The result concluded that ROE had a negative but insignificant effect on firm value. On the other hand, SIZE had a negative and significant effect on firm value. In contrast, capital structure had a positive and significant effect on firm value.