PENGARUH PROFITABILITAS, PERTUMBUHAN ASET, DAN STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to examine the effect of profitability, asset growth, and institutional ownership on firm size. Profitability was measured by Return On Equity (ROE), asset growth was measured by growth and institutional ownership, while the firm value was measured by Price to Book Value (PBV). The study applies quantitatively. Furthermore, the population consists of Food and Beverages companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling i.e., a sample selection based on certain determined criteria. In line with that, there were 22 companies taken as the sample. Moreover, the data were gained during 5 years (2019-2023). Therefore, data samples were processed. The data analysis technique used multiple linear regressions with the instrument of the SPSS program. In addition, the result indicates that profitability has a positive effect on the firm value. On the other hand, both asset growth and institutional ownership did not affect the firm value.