Jurnal Scientia
Vol. 12 No. 04 (2023): Education, Sosial science and Planning technique, 2023, Edition September-Nov

INFLUENCE OF CAPITAL STRUCTURE AND PROFITABILITY ON COMPANY VALUE

Heru Harmadi Sudibyo (STIE Kusuma Negara, Jakarta)



Article Info

Publish Date
30 Nov 2023

Abstract

This study aims to analyze the impact of capital structure and profitability on firm value in the food and beverage sub-sector of manufacturing companies listed on the Indonesia Stock Exchange during the period 2018-2022. The sample consists of 10 companies selected through purposive sampling. Data is collected through written votes, and secondary data is obtained from www.idx.co.id. The analytical methods used include regression and correlation tests, conducted using SPSS version 25.0. The findings indicate that capital structure (DER) does not influence firm value, while profitability (ROE) has a strong positive effect on the company's value. Simultaneously, both capital structure (DER) and profitability (ROE) significantly affect firm value, as evidenced by an f-count of 1.418, surpassing the f-table value of 3.20.

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Journal Info

Abbrev

pendidikan

Publisher

Subject

Education Mathematics

Description

Scientific Journal is a publication by Sean Institute, which is devoted to the field of education with the topic of Learning Effectiveness studies, Analysis of Learning Influences, Application of Learning Models and the development of instructional media; we also invite the teachers, researchers, ...