PENGARUH STRUKTUR MODAL, KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

Increasing company value will affect shareholder value if the increase is marked by a high return on investment
to shareholders. This research aimed to find out the effect of capital structure capital, financial performance, and
firm size on firm value of property and Real Estate companies during observation period 2014-2018. While, the
population was 9 property and Real Estate companies. Moreover, the data collection technique used purposive
sampling. The data were in the form of financial statement. Furthermore, the instrument was documentational.
Additionally, the research was quantitative. In addition, the data analysis technique used multiple linier
regression. The research result concluded capital structure, return on asset, and firm size had significant effect
on firm value of property and Real Estate companies. Meanwhile, from hypothesis test, it concluded return on
asset and firm value had positive and significant effect on firm value of property and Real Estate companies. On
the other hand, capital structure had negative and significant effect on firm value of property and Real Estate
companies during observation period 2014-2018. Company should maintain Return On Asset and pay attention
to company size to improve company value.
Keywords: capital structure, financial performance, firm size, firm value