PENGARUH STRUKTUR MODAL, SIZE, PROFITABILITAS, DAN STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN

Abstract

This research is aimed to examine empirically the influence of capital structure, size, profitability and ownership
structure to the firm value. The population is manufacturing companies which are listed in Indonesia Stock
Exchange in 2012-2015 periods. The samples are 21 companies companies which have been selected by purposive
sampling. This research has been carried out by using multiple linear regressions analysis and classic
assumption test. These result of the research indicates that size give positive influence to the firm value because
company with a large size indicates the company has a high commitment, profitability give positive influence to
the firm value because when the company has high level of profit, its firm value will be high. Capital structure
does not give any influenceto the firm value, as investors tend to asset the company by taking into account
profits. Managerial ownership does not give anyinfluence because of the small numbersof stocksthat are owned
by the managerial will make so as decrease the firm value. The institutional ownership does give any influence
because large number of stockholders is ineffective in monitoring the manager behavior in the company.

Keywords: capital structure, size, profitability, ownership structure, firm value.