PENGARUH STRUKTUR MODAL DAN KINERJA KEUANGAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR

Abstract

This research is meant to examine and find out the influence of capital structure and financial performance to the firm value at manufacturing company which is listed in Indonesia Stock Exchange in 2013-2016 periods. The benefit of this research is to provide information about the influence of capital structure and financial performance on firm value in order to be considered in decision making of funding by the management. The data of this research is used secondary data at manufacturing company which is listed in Indonesia Stock Exchange (IDX).The population of this research is used purposive sampling method at manufacturing company which is listed in Indonesia Stock Exchange (IDX) during 2013-2016 periods and based on the determined criteria it obtains 13 manufacturing companies. The analysis method has been carried out by using multiple linear regressions analysis with the application instrument of SPSS (Statistical Product and Service Solutions). The result of this research shows that: (1) capital structure (DER) gives positive significant influence to the firm value with the coefficient regressions is 1.582 and significance level 0.041 (2) Financial performance (ROA) give positive and significant influence to the firm value with the coefficient regressions is 0.826 and significance level is 0.000. Simultaneously the independent variable give significant influence to the dependent variable with the significance level is 0.000.
Keywords: Capital structure, financial performance, firm value.