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

Abstract

This research aimed to examine the effect of profitability, capital structure, and firm size on firm value of manufacturing companies which were listed on Indonesia Stock Exchange (IDX) during 2019-2022. Profitability was referred to as Return On Assets (ROA), capital structure was referred to as Debt to Equity Ratio (DER), and firm size was referred to as Size. The research was quantitative. Moreover, the population was Manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019-2022. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were observation data In total, 205 data samples were taken. Additionally, the data were secondary which were taken from financial statements and annual report. Furthermore, the data analysis technique used multiple linear regression with SPSS 26. The result showed that profitability affected the firm value of Manufacturing companies listed on IDX. However, capital structure did not affect the firm value of Manufacturing companies listed on IDX. Likewise, firm size did not affect the firm value of Manufacturing companies listed on IDX.