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

Abstract

This research aimed to examine the effect of profitability, firm size, and capital structure, on the firm value in the manufacturing company listed on the Indonesia Stock Exchange (IDX) during the 2018-2022. Profitability was measured by return on assets, firm size was measured by Ln. Total Assets. Capital structure was measured by debt to equity ratio while company value was measured by price to book value. The research was quantitative. Furthermore, the population was manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, 23 manufacturing companies fulfilled as a sample. Moreover, the data were taken for 5 years of observation. In total, there were 115 observation data. The data analysis technique used multiple linear regression. The research result showed that profitability had a positive effect on the firm value of manufacturing companies listed on IDX. On the other hand, firm size did not affect the firm value of manufacturing companies listed on IDX. In contrast, capital structure had a positive effect on the firm value of manufacturing companies listed on IDX.