PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN TRANSPORTASI

Abstract

This research examined the effect of profitability, firm size, and capital structure as independent variables; on firm value as a dependent variable. Profitability was referred as to Return On Equity (ROE), firm size was referred as to SIZE, and capital structure was referred to as Debt to Equity Ratio (DER). While the firm value was referred to as PBV. The research was causal-comparative with a quantitative approach. Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 40 companies as the sample. Furthermore, the population was 11 transportation companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The data analysis technique used multiple linear regression with SPSS 26.0. The result concluded that profitability had a positive and significant effect on firm value. However, firm size had a negative and insignificant effect on firm value. On the other hand, the capital structure had a positive and significant effect on the firm value.