Analisis Pengaruh Struktur Modal, Profitabilitas, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Manufaktur Sektor Industri Makanan Dan Minuman Tahun 2013-2017

Abstract

This study aims to analyze the effect of Capital Structure, Profitability and Company Size on the Value of Manufacturing Companies in the Food and Beverage Industry Sector in Indonesia. This research was conducted on annual data of manufacturing companies in the food and beverage industry in the form of DER, ROA and Ln data for the period 2013 -2017. The results of this study indicate that partially the capital structure has a positive and significant effect on the value of manufacturing companies listed on the Stock Exchange, profitability has a significant effect on the value of manufacturing companies listed on the IDX, the size of the company has a significant effect on firm value. While simultaneously the capital structure, profitability and size of the company significantly influence the value of the company.

Effects of Firm Size and Capital Structure on Firm Value (Empirical Study of Telecommunication Companies Listed on the Indonesia Stock Exchange for 2018-2021)

“…Meanwhile, research (Priyatama and Pratini, 2021) has a significant positive effect. In this study, the measurement uses the natural logarithm (Ln) value of the total asset (Dewi and Damayanti, 2019).…”

“…Pecking order theory which governs the capital structure wants to use funds obtained from inside enterprises since it reduces risk. A study (Nurwulandari, 2021) found that capital structure has a negative effect but another study (Dewi & Damayanti, 2019) has a positive effect. To calculate it this study uses the Debt to Asset Ratio (DAR).…”