PENGARUH KOMITE AUDIT, STRUKTUR MODAL, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

Go-public companies have a main objective, gaining profits, in order to increase stakeholders’ prosperity through the increase of firm value. While, firm value can describe a company’s situation. Meanwhile, investors can find out the firm value or industry sector by looking at the performance of the company’s stock price. Higher firm value can improve stakeholders’ prosperity, so that it affects investors’ perception of the firm. Moreover, this research aimed to find out the effect of audit committee, capital structure, and profitability on firm value. Furthermore, the population was mining companies which were listed on Indonesia Stock Exchange during 2015-2019. In line with, there were 12 companies as the sample. Additionally, the data collection technique used purposive sampling. In addition, the data analysis technique used multiple linear regression. According to the research result, it concluded that audit committee had an insignificant effect on firm value. Likewise, capital structure which was measured by Debt to Equity Ratio had an insignificant effect on firm value. On the other hand, profitability which was measured by Return On Equity affected firm value.
Keywords: audit committee, capital structure, profitability, firm value