PENGARUH STRUKTUR MODAL, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN AUTOMOTIVE AND COMPONENTS

Abstract

This research is aimed to find out the influence of capital structure, profitability and firm size to the firm value
which has been proxy by debt equity ratio, return on equity, size and price book value. The sample collection
technique has been conducted by using purposive sampling, 9 automotive companies have been obtained as
samples from 12 automotive companies. The analysis technique has been carried out by using multiple
regressions analysis. Based on the result of classic assumption test through normality test, multicollinearity test,
autocorrelation test, and heteroscedasticity test, it is stated the all variables which have been used in the research
do not deviate the predetermined criteria. Meanwhile, the result of model feasibility test through F test and
determination coefficient test (R2) states that the regressions model which have been used in this research is
feasible to be used. Based on the result of hypothesis test, it can be stated that the capital structure does not give
any significant influence to the firm value of automotive companies, profitability gives significant influence to
the firm value of automotive companies and firm size gives insignificant influence to the firm value of
automotive companies.
Keywords: capital structure, profitability, firm size, firm value