PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN DAN STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN

Abstract

This research is meant to test the influence of profitability, firm size, and ownership structure to the firm value.
The population of this research is pharmaceutical companies which are listed in the IDX. Profitability has been
measured by using Return on asset; firm size has been measured by using total asset; and ownership structural
has been measured by using the amount of stock ownership, whereas the firm value is based on the stock price.
The research samples are pharmaceutical companies which are listed in Indonesia Stock Exchange (IDX) in
2011-2014 periods and these companies have been selected by using purposive sampling. 8 pharmaceutical
companies have been selected as samples. The source of secondary data has been obtained from Indonesian
Capital Market Directory and Indonesia Stock Exchange Corner and the official website of Indonesia Stock
Exchange i.e. www.idx.co.id. The analysis method has been carried out by using multiple linear regressions
analysis. The result of this research shows that profitability, firm size, managerial ownership, domestic
institution ownership, foreign institution ownership and public ownership have significant influence to the firm
value.
Keywords: Profitability, firm size, ownership structure, firm value.