PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN SEKTOR PERTAMBANGAN BATU BARA YANG TERDAFTAR DI BEI TAHUN 2017-2021)

Abstract

This research aimed to examine the effect of capital structure, profitability, and investment decision on the firm value at the Coal Mining companies listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The research was quantitative. Moreover, the population was 24 Coal Mining companies listed on the Indonesia Stock Exchange. The data collection technique used saturated sampling (non-probability sampling). In order to have it homogeneous, there were 9 companies that fulfilled the criteria as the sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Program for Social Science) 22 version. Based on the research examination which used hypothesis test (t), it showed capital structure (Debt to Equity Ratio) had a positive and significant effect on the firm value of Coal Mining companies; for about 0.001. Likewise, profitability (Return on Assets) had a positive and significant effect on the firm value of Coal Mining companies; for about 0.000. On the other hand, the investment decision (Price Earning Ratio) had a positive but insignificant effect on the firm value of Coal Mining companies; for about 0.798.