PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, ARUS KAS OPERASI DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

firm value is a very essential factor as it pictured the company’s performance which can effect investors perception. Therefore, the higher the firm value, the more welfare of the stakeholder. While, there were some factor which can affect the firm value, for instance: capital structure, firm size, operational cash flow and profitability. The research to aimed find out the effect of debt to asset ratio, firm size, operational cash flow and return on asset on the firm value. Moreover, the population was food and beveranges companies which were listed on indonesia stoch exchange. Futhermore, the data collection techique used multiple linear regression. The research result, from hypotesist test, concluded debt to ratio had, firm size as well as operational cash flow did not effect the firm value. Meanwhile, return on asset had significant effect on the firm value. With the determination coefficient of 80,9% in brief, the condition showed tghe fluctuation of firm value could be affected by the fluctuation of capital structure, firm size, operational cash flow and profitability of company.
Keywords: debt to aset ratio, firm size, operational cash flow, return on asset, firm value