ANALISIS PENGARUH STRUKTUR MODAL, PROFITABILITAS, LIKUIDITAS, KEBIJAKAN DIVIDEN, SALES GROWTH DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN (Studi Pada Perusahaan Manufaktur yang listed di Bursa Efek Indonesia Periode Tahun 2012-2014)

Abstract

This research is based on the fact of the phenomena gap shown, due to the fact of the fluctuation of the company performance on the Indonesia Stock Exchange, for 2012-2014 period. This phenomena raised due to the inconsistent of the DER, ROE, CR, DPR, Sales Growth and firm size toward the company value. The goal of this research is to analyze the influence of the capital structure, profitability, liquidity, divident policy, sales growth and firm size toward the company value on the manufacturing industries are listed on the Indonesia Stock Exchange on 2012-2014 period. The population used on this research is all manufacturers those are listed on the Indonesia Stock Exchange on 2012-2014 period. The sampling method used is the purposive sampling, with these criterias: (1) manufacturers who reported their annual report on 2012-2014 (2) manufacturers who always booked the profit on the same period. 14 samples are taken from the Indonesian Capital Market Directory, and we use regression to analyze the data. The analyze shows that DER, CR, DPR, Sales Growth is partially significant, influences toward the company value with the significant level less than 5%. The using of ROE and Firm Size as the independen variable are not able to increase the company value which is measured by the Price to Book Value (PBV). The implication that suggested to the company is to increase the DER, CR, DPR and Sales Growth to increase the company value.