PENGARUH PROFITABILITAS, GROWTH OPPORTUNITY DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine whether profitability, Growth opportunity, and capital structure affect firm value. While, the population was 47 companies which were listed on Indonesia Stock Exchange during 4 years (2015-2018). The research was quantitative. Moreover, the data collection technique used a purposive sampling. Furthermore, the data analysis technique used multiple linear regression. The research result concluded that profitability had a positive effect on firm value, which was measured by ROA (Return On Asset). The higher the company’s profitability was, the better the company’s performance in earning profits would be. On the other hand, Growth opportunity did not affect value. This showed the fluctuation of Growth opportunity did not affect firm value; yet, there were other elements that affect firm value. In contrast, capital structure had a positive affect on firm value. It meant, as the capital structure increased, the market would expect the companies expanded in order to increase firm value.
Keywords: profitability, growth opportunity, capital structure, firm value