PENGARUH UKURAN PERUSAHAAN, PROFITABILITAS DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to examine the effect of firm size, profitability, and capital structure on the firm value at the Banking companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The independent variables in this study are company size proxied by the logarithm of total assets (Ln), profitability proxied by return on assets (ROA), and capital structure proxied by debt to equity ratio (DER). The dependent variable is company value proxied by price to book value (PBV). The research applies quantitatively. The data collection technique used purposive sampling, in which the sample was based on certain criteria given. In line with that, there were 9 Banking companies which were fulfilled as samples. Furthermore, the data analysis technique used multiple linear regressions with the instrument of SPSS software 27 version. The result shows that firm size has a negative and significant effect on the firm value at the Banking companies listed on the IDX. On the other hand, profitability has a positive and significant effect on the firm value at the Banking companies listed on the IDX. In contrast, capital structure has a positive but insignificant effect on the firm value at the Banking companies listed on the IDX.