PENGARUH STRUKTUR MODAL, KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This study aimed to determine the effect of capital structure, managerial ownership, institutional ownership, and profitability of the firm value. Firm value in this study projected through the price-earnings ratio that is able to measure the value of firms based on ratio of stock price to earnings capacity per share distribution. The greater this ratio, so value of firms will be better and reliable in view of stakeholders The population in this research were all companies without banking listed on Stock Exchange from 2009 and 2010. Sampling method using purposive sampling technique which produces a sample of 54 companies. Technique test data using multiple linear regression method. The effect of independent variables on the dependent variable researched using multiple linear regression models included are test coefficient of determination, simultaneous test, and partial test. The test results concluded capital structure, institutional ownership and profitability have significant positive effect on firm value, then managerial ownership has no significant effect on firm value