PENGARUH STRUKTUR MODAL,UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

The value of the firm is the perception of investors against companies that are often associated with stock prices, which higher stock prices can increase the value of the company. This research aims to examine the influence of capital structure, firm size and profitability on firm value proxied by debt equity ratio, size and return on equity and price book value. The population in this research is obtained by using purposive sampling method that is sampling method based on certain criteria. The number of samples that used in this research are 7 pharmaceutical companies which listed in the Indonesia Stock Exchange (IDX) during the 2012-2016 period. Dependent variable in this research is firm value, while the independent variable in this research is capital structure, company size, and profitability. The analytical method used is multiple linear regression analysis using SPSS (Statistical Product and Service Solutions) application tool. Based on the results of the hypothesis test states that the capital structure has no significant influence on the value of companies in pharmaceutical companies, while firm size and profitability significantly influence the value of companies in pharmaceutical companies.
Keywords: capital structure, firm size, profitability, corporate value.