PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to analyze the impact of the profitability, the growth opportunity and the capital structure toward the firm value. The profitability is proxied by the Return On Equity (ROE), the growth opportunityis counted by comparing assets, the capital structure is proxied by the Debt to Equity Ratio (DER) and the firm value is proxied by the Price Book Value (PBV). In this study applies the whole population of the companies which are registered in Indonesia’s Stock Exchange. The samples are the registered banking companiesin Indonesia’s Stock Exchange during 2015 – 2019. The type of this stuudy is quantitative research. There are 105 samples from 21 companies’ data which are obtained by applying purposive sampling method and this analysis applies multiple linear regression with Statistical Product and Service Solution (SPSS) program, version 23. The result of this study shows that (1) the profitability gives positive impact to the firm value, 2) the growth opportunity gives negative impact to the firm value, (3) the capital structure gives positive imppact to the firm value.
Keywords: pofitablity, growth opportunity, capital structure, firm value