PENGARUH STRUKTUR MODAL PROFITABILITAS DAN GOOD CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN

Abstract

This research examines the effect of capital structure, profitability, and Good Corporate Governance on the firm value. The capital structure was measured by Debt to Equity Ratio, profitability was measured by Return On Asset, Good Corporate Governance was measured by the commissioner board, and firm value was measured by Price Book Value. The research applies quantitatively. The population consists of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). Furthermore, the data collection technique used purposive sampling, which involves selecting samples based on specific criteria. In line with that, 47 Food and Beverage companies were chosen as the samples. Data were collected for three years, from 2021 to 2023, resulting in total of 141 observed data. Moreover, the data analysis technique used multiple linear regression with the SPSS 25 version. The result shows that the independent variables, namely capital structure and profitability, have a positive effect on firm value. On the other hand, Good Corporate Governance has an insignificant effect on firm value
Keywords: capital structure, profitability, good corporate governance and firm value