PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

Abstract

This research examined the effect of profitability, firm size, and capital structure on firm value. The profitability was measured by Return on Equity (ROE), firm size was measured by SIZE, and capital structure was measured by Debt to Equity Ratio (DER). While the firm value was measured by Tobins’ Q. 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 purposive sampling, in which the sample was based on the criteria given. In line with that, there were 19 companies as the samples, Furthermore, the data were taken for 4 years (2019-2022). Therefore, the total data were 75. Additionally, the data analysis technique used multiple linear regression with SPSS. The results of this research show that profitability is at a B coefficient of 0.102 and a significance of 0.091, so it can be concluded that profitability has no effect on company value. Company size is at a coefficient value of B - 0.108 and a significance of 0.000, so company size has a significant negative effect and capital structure is at a value of - 0.020 and a significance of 0.000, so capital structure has a significant negative effect on company value.