PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FOOD AND BEVERAGE

Abstract

This research aimed to examine the capital structure, firm size and profitability on the firm value of Food and Beverages companies which were listed on Indonesia Stock Exchange. While, capital structure was measured by Debt to Equity Ratio, firm size was measured by logarithm from total asset, profitability measured by Return on Asset and firm value was measured by Price to Book Value. The research was quantitative. Moreover, the data collection technique used saturated samping, in which all population was the sample. In line with, there were eleven companies as sample. In addition, the data analysis technique used descriptive statistics and inferential with multiple linear regression. The research result, from descriptive statistics analysis, concluded Debt to Equity Ratio, firm size and Return on Asset had fairly-good average score. Besides, from classical assumption test, it showed all variables which were used, had fulfilled the assumption and there was no violation. Likewise, from the proper test model, it concluded the regression was worth taking. Furthermore, from hypothesis, it found profitability had significant effect on the firm value. In contrast, capital structure and firm size had insignificant effect on the firm value.
Keywords: capital structure, firm size, profitability, firm value