PENGARUH PROFITABILITAS, FIRM SIZE, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PERKEBUNAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2018-2022

Abstract

This research aimed to examine the effect of profitability, firm size, and capital structure on the firm value of plantation companies listed on the Indonesia Stock Exchange (IDX). Profitability was referred to as Return On Assets, Firm Size was referred to as Size, and Capital Structure was referred to as Debt to Equity Ratio (DER). The research was quantitative The data were secondary, in the form of financial statements in the Indonesia Stock Exchange. Furthermore, the data sampling used saturated sampling, with 6 plantation companies listed on IDX during 2018-2022 as the sample. The result of the classical assumption test indicated that all variables fulfilled the assumption and no violence. Likewise, F and R tests showed that the model was properly used. Additionally, the hypothesis test concluded that Return On Assets had a negative and significant effect on firm value. Likewise, Size had a negative and significant effect on firm value. However, Debt to Equity Ratio had a positive and significant effect on firm value.