The Influence of Capital Structure, Firm Size, Firm Growth, and Profitability on Firm Value (A Emprical Study on the Primary Sector Companies Listed in Indonesian Stock Exchange)
Zahra Ramdhonah, Ikin Solikin

Indonesia University of Education

Abstract

This study aimed to examine the influence of capital structure, firm size, firm growth, and profitability on firm value. The object of the research is primary sector companies in Indonesia Stock Exchange for 7 years from 2011 until 2017. Research method used is descriptive and verificative. Population in this research is primary sector companies listed in Indonesia Stock Exchange about 62 companies. Sampling technique collection determined based on purposive sampling to obtain 43 companies. The data collection technique used is documentation study using data presented on the financial report of primary sector companies in Indonesia Stock Exchange. Data analysis technique performed by normality test, multicolinearity test, heteroscesdastisty test and autocorrelation test. The statistical analysis used is multiple linier regression analysis of panel data using Eviews 9. Based on the test result shows that there is no deviation variables from classical assumption test. The result of research shows that capital structure has a positive influence on firm value, firm size has a positive influence on firm value, firm growth has a positive influence on firm value, and profitability has a positive influence on firm value.

Keywords: Capital Structure, Firm Size, Firm Growth, Profitability, Firm Value

Topic: Financial Management and Accounting