PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of capital structure, profitability, and company growth which were referred to Debt to Equity Ratio, Return on Equity, and Growth on the firm value of cosmetics companies which were listed on Indonesia Stock Exchange. The data collection technique used saturated sampling, in which all population became the sample of cosmetics companies which were listed on Indonesia Stock Exchange 2010-2017. While, the research was quantitative. Moreover, the data used secondary in the form of financial statement and annual report. In addition, the data analysis technique used classical assumption test and multiple linear regression. The research result concluded the capital structure and profitability had significant and positive effect on the firm value. On the other hand, the company growth had insignificant but positive effect on the firm value. For investors, it is recommended to carry out analysis and observations to consider which company is right to invest their capital invesment. For the management of the company, it is expected to maintain the condition of the company's capital structure properly and efficiently so that the company is able to perform an optimal capital structure.
Keywords : capital structure, profitability, company growth, firm value