Faktor Yang Memengaruhi Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Moderasi

Abstract

The purpose of this study is to obtain empirical evidence regarding the effect of profitability, firm size and price earning ratio on firm value with capital structure as a moderating variable in property and real estate listed on IDX 2017-2019. The data used in this research was secondary data with total of 117 data for three years. The data analysis technique was carried out by using descriptive statistics and hypothesis testing using the regression method using SPSS ver. 20. The results of this study indicate that profitability and price earning ratio have a positive and significant effect on firm value, while firm size have a negative and no significant on firm value. Capital structure can moderate the influence of profitability and price earning ratio on the firm value, while firm size has no effect on firm value with firm size as a moderating variable.