PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, STRUKTUR MODAL DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of profitability (ROE), firm size (Log Total Asset), capital structure (DER) and investment decision (PER) on firm value (PBV) of manufacturing companies which were listed on Indonesia Stock Exchange 2015-2017. The research was quantitative. Quantitative approach is research whose analysis is more focused on numerical data (numbers) that are processed using statistical methods. While, the sampling collection technique used purposive sampling, in which the sampling collection was based on the criteria taken. Moreover, the data used secondary namely financial report form 69 manufacturing companies as sample, with 207 times of observation. The data analysis technique used multiple linear regression with SPSS version 23. While, the F-test showed all independent variables had significant effect on firm value. Furthermore, the T-test concluded independent variable, i.e. profitability, firm size and investment decision had positive significant effect on firm value. On the other hand, capital structure had negative insignificant effect on firm value.
Keywords: Profitability (ROE), Firm Size (Log Total Asset), Capital Structure (DER), Investment Decisions (PER), firm value (PBV).