PENGARUH STRUKTUR MODAL DAN KEPUTUSAN INVESTASI TERHADAP PROFITABILITAS DAN NILAI PERUSAHAAN

Abstract

The purpose of this research is to find out the influence of capital structure and investment decision to the
profitability and firm value on the cement companies in Indonesia Stock Exchange during 2009 – 2013 periods.
The samples of this research are 3 cement companies which are listed in Indonesia Stock Exchange and they have
een selected by using purposive sampling. The secondary data is used as the research data which has been obtained
prom the Indonesian Capital Market Directory (ICMD) from 2009 to 2013. The path analysis technique is used
as the data analysis in order to see the influence of capital structure and investment decision to the profitability
and firm value. The result of the research describes that capital structure does not have any significant influence
to the profitability; the investment decision has significant and positive influence to the profitability; the capital
structure has significant and negative influence to the firm value; the investment decision has significant and
positive influence to the firm value; the profitability does not have significant influence to the firm value.
Keywords: Capital Structure, Investment Decision, Profitability, Firm Value