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

Abstract

This research aims to examine and obtain empirical dividends of the effect of capital structure, profitability, and firm size on firm value. Capital structure was measured by Debt Equity Ratio, profitability was measured by Return On Assets, firm size were measured by Ln. Total Aset, and firm value was measured by Price to Book Value. The research applies quantitatively. Furthermore, the population consists of LQ-45 index companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 23 companies fulfilled the determined criteria as the samples. During 5 years of observation, it gained 115 data samples. Moreover the data analysis technique used multiple linear regression. The result indicates that: (1) Capital structure (DER) has a positive effect on the firm value, (2) profitability (ROA) has a positive effect on the firm value, and (3) firm size (Ln. Total Asset) has a negative effect on the firm value.