PENGARUH STRUKTUR MODAL, PROFITABILITAS, UKURAN PERUSAHAAN DAN INVESMENT OPPORTUNITY SET TERHADAP NILAI PERUSAHAAN

Abstract

Firm value is very important for shareholders as the higher shares price, the higher the firm value would be. While, this research aimed to examine the effect of capital structure, profitability, firm size, and invesment opportunity set on the firm value. The sample of this research were 10 food and beverage companies that were listed in Indonesia Stock Exchange at 2013-2017 period. Then, purposive sampling was used as the sampling technique. Test tool used SPSS statistic test tool version 20 that was used to test, classic test assumption, multiple linear regressions analysis test, feasible test model and hypothesis test. This test results showed that; (1) capital structure had negative and significant effect on the firm value.. If the return on investment (profit) higher could increase the company value; (2) profitability had negative and significant effect on the firm value. Company was able to control and pressing the debt usage; (3) size had negative and significant effect on the firm value. If a company had bigger total asset so it can increase the company value. (4) Invesment Opportunity Set (IOS) had positive and significant effect on the firm value
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Keyword: capital structure, profitability, firm size, invesment opportunity set, firm value.