PENGARUH STRUKTUR MODAL, INVESTASI ASET, DAN ARUS KAS OPERASIONAL TERHADAP NILAI PERUSAHAAN

Abstract

The ultimate goal of an organization is to optimize shareholder value by all means possible. The value of a company is directly proportional to the wealth of its shareholders. This research was conducted to investigate the impact of capital structure, asset investment and operational cash flow on company valuation in LQ45 entities in 2016-2021. This study method is quantitative-based research. The population taken is companies registered in the LQ45 index in certain sectors, which are registered continuously from 2016 to 2021, with a total of 45 ompanies. The sample was taken using a non-probability sampling method with a purposive sampling approach, and consisted of 7 companies. In addition, the research data analysis used multiple linear regressions. Based on the results of the research and hypothesis testing that have been put forward, it can be concluded that the results of hypothesis testing show that the capital structure (SM) of a company has an influence on the overall value of the company,, asset investment (IA) have a positive and operational cash flow (AKO) in LQ45 2016-2021 companies have a positive effect on company value.