Taxes serve to reduce inequalities among the population and thus demand substantial government expenditures for state financing which one of the sources is tax revenue. Butmany factors affect the high low tax revenue. This study aims to determine partially whether the GDP, inflation, the exchange rate of rupiah against US Dollar and labor have a positive effect on tax revenues and also to determine whether GRDP, inflation, the exchange rate of rupiah against US Dollar and labor in together have a positive effect on tax revenue. This study uses data realization of tax revenue, GDP data, inflation data, and employment data in the districts of Cilacap, Banyumas, Purbalingga, Kebumen, Purworejo as well as data on the Rupiah exchange rate against US Dollar. The results show that partially PDRB and labor positively affect the tax revenue while inflation and the exchange rate of rupiah against US Dollar have no positive effect on tax revenue. In together the variables PDRB, inflation, exchange rate and labor, significantly affect the variable tax revenue.   Keywords: tax revenue, GRDP, inflation, US Dollar exchange rate, labor

Some previous studies also show different results (research gap) about the factors that influence the value of the company. This study is to find out how the influence of capital structure, capital expenditure, profitability and dividend policy on corporate value in Indonesian BUMN companies partially and simultaneously. The population in this study is Indonesian BUMN companies that went public during 2015 - 2018 with selected samples based on purposive sampling criteria. The results of this study indicate that capital structure has no effect on the value of Indonesian BUMN companies in the 2015-2018 period, while capital expenditure and dividend policy have a positive effect on firm value and profitability has a negative effect on firm value. This indicates the existence of investment opportunities that attract new investors so they will get high returns. Keywords: BUMN companies, capital structure, capital expenditure, company value, dividend policy, profitability.

Penelitian ini bertujuan untuk mengetahui hubungan dan pengaruh variabel profitabilitas, dan kebijakan dividen terhadap nilai perusahaan serta variabel struktur modal sebagai pemediasi. Populasinya adalah semua perusahaan BUMN yang terdaftar di BEI selama tahun 2015 – 2018. Teknik pengambilan sampel menggunakan purposive sampling. Analisis data digunakan regresi dan sobel test. Hasil penelitian ini membuktikan bahwa profitabilitas tidak berpengaruh terhadap nilai perusahaan tetapi berpengaruh terhadap struktur modal, kebijakan dividen berpengaruh terhadap nilai perusahaan dan juga terhadap struktur modal, struktur modal tidak berpengaruh terhadap nilai perusahaan, struktur modal tidak dapat memediasi hubungan profitabilitas dan kebijakan dividen terhadap nilai perusahaan. Keywords : nilai perusahaan, struktur modal, profitabilitas, kebijakan dividen