PENGARUH KEPEMILIKAN INSTITUSIONAL, PROFITABILITAS, SOLVABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of institutional ownership, profitability, solvability, and firm size on firm value. Institutional ownership was measured by comparing the number of shares held by institutional investors with the number of outstanding shares of the Company. Moreover, profitability was measured by Return On Assets, solvability was measured by Debt to Equity Ratio. The firm size was measured by size.The research was quantitative. The population was consumer non-cyclical companies listed on the Indonesia Stock Exchange (IDX). Furthermore, the data collection techniques used purposive sampling, in which the sample was based on determined criteria. In line with that, there were 49 Consumer Non-Cyclica companies as the sample. Additionally, the data were taken for 3 years during 2020-2022. In total, there were 147 observation data. The data analysis technique used multiple linear regression with the SPSS 26 versions.The result showed that institutional ownership had a negative effect on firm value. However, return on assets had a positive effect on firm value. Likewise, Debt to Equity Ratio had a positive effect on firm value. Similarly, size had a positive effect on firm value