DETERMINAN NILAI PERUSAHAAN SERTA PENGARUHNYA TERHADAP VOLUME PERDAGANGAN SAHAM PERUSAHAAN ANEKA INDUSTRI

Abstract

This research entitled “The firm's value determinant and its effect on the volume of stock trading of miscellaneous industry”. This research consist of independent variable such as capital structure, ownership structure, profitability and growth opportunity that used to know affect toward firm value of miscellaneous industry. This research used data from period 2010-2015. This research is quantitative research that used associative studies to determine the relationship or influence between two or more variables. Population in this research is all companies of miscellaneous industry that listed in Indonesia Stock Exchange during the period ofresearch. Data collective method used purposive sampling method, with result 7 companies. This research used regression analysis with panel data used fixed effect model, to analyze data used Eviews 9. Testing the hypothesis by using the coefficient of determination, F-test statistics and t-test statistics. The result showed that capital structure, ownership structure, profitability, and growth opportunity influenced simultaneously toward firm value. Whereas partially, capital structure positively influencing and significant toward firm value because debt financing decision will be influencing investor valuating toward the company. Secondly, institutional ownership positively influencing and significantly toward firm value, because it can help to monitor company performance. Thirdly, managerial ownership not positively influencing toward firm value, because its difficult to avoid agency problem. Forthly, profitability positively influencing and signiificant toward firm value, because with high company profit will give high return for shareholder. Fifth, growth opportunity positively influencing and significant toward firm value, its because company with high growth opportunity will prefer to use debt that can increase firm value. Sixth, firm value positively influencing and significant toward trading volume activity, its because when the stock price decrease will affect toward trading volume activity. The implication of this research company must increase company performance so the investor still consistent investing so trading volume activity keep stable. Keyword : capital structure, ownership structure, profitability, growth opportunity, firm value, trading volume activity