PENGARUH STRUKTUR MODAL, INVESTMENT OPPORTUNITY SET, FIRM SIZE TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to determine the influence of the capital structure variables that been proxied by debt to equity ratio, investment opportunity set which is proxied with market to book equity ratio, company size that been proxied with ln of total asset to dependent variable of company value proxied by tobin's q at company the mining sector listed on the Indonesia Stock Exchange (IDX) with a period of 5 years of research is 2012-2016. The population used in this study as many as 42 mining sector companies listed on the Indonesia Stock Exchange (BEI). Sampling technique by purposive sampling. Pursuant to purposive sampling method obtained by sample as many as 9 companies of mining sector which is listed in Indonesia Stock Exchange (BEI). The data that been used in the form of secondary data is the financial statements of mining companies which is listed in the Indonesia Stock Exchange (IDX) and the processed using software SPSS (Statistical Product and Service Solution). The results showed that the capital structure has negative and insignificant influence on the company value, investment opportunity set has positive and insignificant influence on the company value, the company size has positive and significant impact to the company value.
Keywords: Capital structure, investment opportunity set, company size and company value.