The Influence of Profitability Ratio, Capital Structure and Company Size on Company Value in Plantation Companies Listed on The Indonesia Stock Exchange

Khairun Nisa Manurung, Syafrida Hani

Abstract


The purpose of this study was to determine the effect of profitability ratios, capital structure and firm size on firm value in plantation companies listed on the Indonesia Stock Exchange. This study uses a quantitative approach with an associative research design. This study took 11 samples from a population of 19 plantation companies listed on the Indonesia Stock Exchange during the 2016-2020 research period using the purposive sampling method with the criteria determined by the researcher. The data analysis techniques used are descriptive statistics, multiple linear regression analysis, classical assumption test, hypothesis testing, and determination test. Through the results of the partial test, it was found that the profitability ratio and capital structure had a significant effect on firm value, while the size of the company does not have a significant effect on the value of the company in plantation companies listed on the Indonesia Stock Exchange. Based on the F (simultaneous) test, it was found that the profitability ratio, capital structure and company size had a significant effect on the firm value of plantation companies listed on the Indonesia Stock Exchange. The results of the calculation of the determination test were found to be 0.33 or 33% of the firm's value influenced by profitability ratios, capital structure and firm size. Capital structure and company size jointly have a significant effect on company value in plantation companies listed on the Indonesia Stock Exchange. The results of the calculation of the determination test were found to be 0.33 or 33% of the firm's value influenced by profitability ratios, capital structure and firm size. Capital structure and company size jointly have a significant effect on company value in plantation companies listed on the Indonesia Stock Exchange. The results of the calculation of the determination test were found to be 0.33 or 33% of the firm's value influenced by profitability ratios, capital structure and firm size.


Keywords


Profitability Ratio, Capital Structure, Company Size

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.502

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