PENGARUH KEPEMILIKAN MANAJERIAL, PROFITABILITAS, DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN

Abstract

The main goal of a company is to increas the firm value. A higher firm value indicates that the fulfillment of the stakeholders’ prosperity. This research aimed to find out the effect of the variables of managerial ownership, profitability, and debt policy on the firm value. Furthermore, the research population used a mining company listed on Indonesia Stock Exchange in 2015-2019. Meanwhile, the sample collection of this research used purposive sampling obtained 70 research samples, but there were 5 samples required to be outlier since they had extreme value. Moreover, the rescarch data used secondary data taken from annual report milling companies. On the other hand, the data analysis method of this research used multiple linear regression analysis with SPSS program 26.0 version. Based on the rescarch results concluded that (1) managerial ownership had a positive significant effect on the firm value, (2) Meanwhile, profitability had a positive significant on the firm value, (3) In addition, debt policy had a negative significant effect on the firm value.
Keyword: managerial ownership, profitability, debt policy, firm value