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

Abstract

This research aims to determine the influence of capital structure (DER), profitability (ROE) and company size (Size) to the company value (PBV). The population that been used in this research are 16 plantation companies which is listed in the Indonesia Stock Exchange (IDX). The sampling technique in this research uses purposive sampling method at plantation companies which is listed in Indonesia Stock Exchange (IDX) during period 2012-2016 and based on the criteria determined then obtained a sample of 11 plantation companies. The type of data in this research is secondary data. The data analysis techniques that been used is multiple linear regression analysis and classical assumption test. Testing data with using SPSS application software program (Statistical Product and Service Solutions). The results of this research indicates that the capital structure has an insignificant influence on the company value of 0.108. profitability has significant influence to company value of 0.000 and company size has insignificant influence to company value equal to 0,707 Coefficient of determination value (R2) shows an influence of variable of capital structure, profitability and company size 21,6% to the company value.
Keywords: Capital structure, profitability, company size and company value.