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

Abstract

This research aimed to examine the effect of capital structure, profitability, and firm size on firm value of Food and Beverages companies during 2017-2020. The research was quantitative. While the population was 17 Food and Beverages companies which were listed on Indonesia Stock Exchange during 2017-2020. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. Furthermore, the data analysis technique used multiple linear regression with Statistical Product and Service Solution (SPSS) 20. The research result concluded that as follows: (1) capital structure had a positive effect on firm value. This meant that the higher the capital structure was, the higher the firm value would be, (2) profitability had a positive effect on firm value. It meant that the higher the profitability was, the higher the firm value would be, and (3) firm size did not affect firm value. In other words, whether the firm value was increased or decreased, there was no effect on firm value.