PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI 2016-2020

Abstract

This research aimed to determine the effect of capital structure, profitability, and firm size that were referred to as the Debt to Equity Ratio, Return On Asset, and Size; on Price to Book Value. The research was quantitative. Moreover, the population was Food and Beverage companies. The data were secondary, in the form of companies’ financial statements during 2016-2020. Furthermore, the data collection technique used purposive sampling. In addition, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 25.The t-test concluded that capital structure which was referred to as the Debt to Equity Ratio had a negative and insignificant effect on firm value. However, profitability which was referred to as Return On Asset had a significantly positive effect on firm value. Likewise, a firm size that was referred to as Size had a significantly positive effect on the firm value of Food and Beverage companies.