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

Abstract

This research aimed to examine the effect of ownership structure (managerial and operational ownership), profitability, capital structure, growth opportunity, and innovation on firm value. The research was quantitative. The population was manufacturing companies listed on the Indonesia Stock Exchange (IDX) 2017-2021. Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 59 samples during 5 years of observation. Totally, there were 295 data. Furthermore, the data analysis technique used multiple linear regression with SPSS 23. The result concluded that the ownership structure; 1) managerial ownership had a negative and insignificant effect on firm value; 2) institutional ownership had a negative and insignificant effect on firm value; 3) profitability had a positive and significant effect on firm value; 4) capital structure had a positive and significant effect on firm value; 5) growth opportunity had a positive and significant effect on firm value; and 6) innovation had a positive and significant effect on firm value.