PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN RASIO AKTIVITAS TERHADAP NILAI PERUSAHAAN (Studi pada Sektor Property dan Real Estate Periode 2015-2018)

Abstract

This research aimed to find effect of capital structure, profitability, and activity ratio on the firm value of some property and real estate companies. While, capital structure was referred to DER(Debt to Equity Ratio), profitability was referred to ROA (Return On Asset), and activity ratio was referred to TATO (Total Asset Turn Over). Meanwhile, the research was causal-comaparative. Meroover, the data were secondary which in the form of documentary. Furthermore, the population was 62 property and real estate companies which were listed on Indonesia Stock Exchange (IDX). Additionally, the data collection technique used non-probability sampling. In line with, there were 11 companies as sample. In addition, the data analysis technique used classical assumption test, multiple linear regression, and t-test. The research result concluded capital structure had positive and significant effect on the firm value. On the other hand, profitability and activity ratio had positive but insignificant effect on the firm value.
Keyword : capital structure,profitability, activity, firm value