PENGARUH UKURAN PERUSAHAAN, STRUKTUR MODAL, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP NILAI PERUSAHAAN

Abstract

Nowadays, plantation in development countries, especially Indoncsia is one of the important factors in supporting the economic structure. While, there are various innovations in agricultural cconomic system that have significant impact on the lives of developing countries. In addition, plantation also play role as driving force for people's economy, national economy and absorbing labor, This research aimed to analyze and examine the effect of firm size, capital structure, and institutional ownership on firm value of plantation companies which were listed on Indonesia Stock Exchange. The research was quantitative. While, the data were secondary. Morcover, the population was plantation companies which were listed on Indonesia Stock Exchange during 2012-2018 period. Moreover, the data collection technique used purposive sampling. In linc with, there were 10 companies as sample Furthermore, the data analysis technique used multiple linear regression with SPSS 23. The research result, from F-test, showed the model are suitable for further testing. Meanwhile, from t-test, it concluded firm size positive but insignificant effect on firm value, In contrast, capital structure had negative and significant effect on firm value. On the other hand, institutional ownership had positive and significant effect on firm value.

Keywords: Firm size, capital strueture, institutional ownership, firm value