PENGARUH PROFITABILITAS, STRUKTUR MODAL, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research examines the effect of profitability, capital structure, and investment decisions on company stock price. Profitability was referred to as Return On Asset (ROA), capital structure was referred to as Debt to Equity Ratio (DER), investment decisions was referred to as Total Asset Growth (TAG), and company stock price was referred to as Price to Book Value (PBV). The research applies quantitatively with a causal approach. Multiple linear regression was used as the data analysis technique with SPSS (Statistical Package for the Social Sciences) 26. Furthermore, the population consists of mining companies listed on the Indonesia Stock Exchange (IDX) during 2021-2023. The data were annual reports taken from the IDX. The data collection technique used purposive sampling with 3 criteria given. The mining companies that have complete data and meet the criteria for presenting rupiah as currency during 2021-2023. are taken as samples. Moreover, there were 21 companies with 63 data samples in total. The result indicates that profitability has a positive effect on company stock price. Likewise, capital structure has a positive effect on company stock price. Similarly, investment decisions has a positive effect on mining company stock price listed on IDX during 2021-2023.