PENGARUH KEPEMILIKAN MANAJERIAL, KEPUTUSAN INVESTASI, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of managerial ownership, investment decision, profitability, and firm size on the firm value of Mining companies listed on the Indonesia Stock Exchange (IDX) during 2019-2022. Furthermore, the financial ratio was measured by managerial ownership, investment decision was measured by Total Asset Growth, profitability was measured by Return On Asset, and firm size was measured by Ln total asset. Moreover, the firm value was measured by Price to Book Value (PBV). The research was quantitative. The population was Mining companies listed on IDX 2019-2022. Additionally, the data collection technique used purposive sampling. In line with that, there were 26 companies fulfilled the criteria of samples. Therefore, during 4 years (2019-2022) the data samples were 104. In addition, the data analysis technique used multiple linear regressions with the SPSS 26 version. The result showed that managerial ownership had a positive effect on firm value. Likewise, investment decision (TAG) had a positive effect on firm value. On the other hand, profitability (ROA) had an insignificant effect on firm value. In contrast, firm size (Ln Total Asset) had a negative effect on firm value.