PENGARUH STRUKTUR MODAL, FREE CASH FLOW, DAN PERTUMBUHAN PENJUALAN TERHADAP NILAI PERUSAHAAN

Nabila  Hasana Febrianti; Sugeng  Praptoyo

Nabila Hasana Febrianti Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Sugeng Praptoyo Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: capital structure, free cash flow, sales growth, and firm value

Abstract

This research examines the effect of capital structure, free cash flow, and sales growth on the firm value of Coal Mining companies listed on the Indonesia Stock Exchange (IDX) during 2020-2023. The research applies empirically. Furthermore, the data collection technique used purposive sampling. In line with that, there were 92 companies as a sample. The data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution). Moreover, the independent variables were capital structure (DER), free cash flow, and sales growth. The dependent variable was firm value (PBV). The research shows that capital structure as well as sales growth have a positive and significant effect on the firm value of Coal Mining companies listed on the Indonesia Stock Exchange (IDX) during 2020-2023. On the other hand, free cash flow has a negative and insignificant effect on the firm value of Coal Mining companies listed on the Indonesia Stock Exchange (IDX) during 2020-2023.