PENGARUH STRUKTUR MODAL, PERTUMBUHAN PERUSAHAAN, UKURAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of financial performance which was referred to capital structure, firm growth was and size, and profitability on the firm value. While, the capital structure was measured by Dept to Equity Ratio (DER), firm growth was measured by Growth formula, and firm size was measured by log of Natural Total Assets Formula, in which used to decrease the significance effect of its size which was too big and too small. Besides, profitability was measured by Return On Asset (ROA). The popultion was property and real estate companies which were listed on Indonesia Stock Exchange 2014-2017. Moreover, the data collection technique used purposive sampling. In line with, there were 23 samples with 92 ovservations furthermore, the data analysis technique used multiple, linear regression. The research result concluded capital structure did not affect the firm value. In addition, firm growth as well as profitability did not affect the firm value. On the other hand, the firm size had had negative effect on the firm value.
Keyword: capital structure, firm growth, firm size, profitability, firm value