PENGARUH PROFITABILITAS, STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine and analyze the effect of profitability, capital structure, and firm size on the firm value of the Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX) during 2020-2022. Furthermore, profitability was measured by Return On Assets, capital structure was measured by Debt to Equity Ratio, firm size was measured by Size, and, the firm value was measured by Price Book Value. The research was quantitative. Moreover, the population was Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used a purposive sampling i.e., a sample selection with determined criteria. In line with that, there were 25 companies as the sample. Additionally, the data were taken for 3 years (2020-2022). In total, there were 75 data samples. The data were secondary and taken from the annual financial report. In addition, the data analysis technique used multiple linear regression. The result showed that profitability which was a proxy with Return On Assets did not affect firm value. On the other hand, the capital structure which was a proxy with Debt to Equity Ratio had a positive effect on firm value. In contrast, firm size was a proxy with Size had a negative effect on firm value.