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. The capital structure was measured by Debt to Equity Ratio, profitability was measured by Return On Assets, and firm size was measured by Size (LN on asset). The research was quantitative. Moreover, the population was Oil Gas and Coal companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling. In line with that, there were 26 Oil Gas and Coal companies as the sample. Furthermore, the data were taken for 3 years (2020- 2022). In total, there were 78 data samples. Additionally, the data analysis technique used multiple linear regression with SPSS. The result showed that capital structure (DER) did not affect firm value. On the other hand, profitability (ROA) had a positive effect on firm value. In contrast, firm size (Size) had a negative effect on firm value.