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

Abstract

This study aims to examine the effect of profitability, firm size and capital structure on firm value. The population in this study are industrial companies in the property and real estate sector which are listed on the Indonesia Stock Exchange during the 2017-2019 observation period. The sampling technique used purposive sampling method, namely the sampling technique based on the criteria desired by the researcher. Based on the sample selection criteria, there were 14 companies and 42 samples. The data analysis technique used is multiple linear regression analysis processed using the SPSS version 25 program. The result of this study shows that the profitability impacts the firm value, meaning that the higher the profit, the higher the firm value. The firm size does not impacts the firm value, meaning that the size of the company is high, but having a large number of debt obligations will reduce firm value. The capital structure impacts the firm value, meaning that the higher the value of the company's capital structure, the higher the risk the company accepts in guaranteeing its long-term debt and results in a decrease in firm value.
Keywords: profitability, firm size, capital structure