PENGARUH STRUKTUR MODAL, PERTUMBUHAN PERUSAHAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN OTOMOTIF

Abstract

This research aimed to find out the effect of capital structure, firm growth and profitability on firm value of automotive companies which were listed on Indonesia Stock Exchange during 2014-2018. The population was 13 automotive companies which were listed on Indonesia Stock Exchange (IDX) during 2014-2018. While, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 9 companies as sample. Moreover, the data analysis technique used multiple linear regression with SPSS 20 (Statistical Product and Service Solution). There were two variables used namely dependent variable, i.e. firm value (PBV), and independent variable, i.e. capital structure (DER), firm growth (G) and profitability (ROE). Moreover, the research result concluded capital structure had negative and insignificant effect on firm value. On the other hand, firm growth had positive but insignificant effect on firm value. In contrast, profitability had positive and significant effect on firm value. This meant, the higher the profitability, the higher the firm value would be.
Keywords : Capital Structure, Firm Growth, Profitabilitas, Firm Value