ANALYSIS OF THE EFFECT OF CAPITAL STRUCTURE ON FIRM VALUE IN BANKS LISTED ON THE IDX

Makinu Amin, Najmudin Najmudin, Ary Yunanto

Abstract


Abstract. Companies with going public can use the capital market to get additional capital or as alternative financing. With the capital market, companies can reflect on the financial condition and financial performance of their companies. This study aims to examine the capital structure of corporate values in banks listed on the Stock Exchange from 2016-2018. This study uses multiple linear regression analysis tools. Sampling in this study using a purposive sampling technique. Independent variables in this study are capital structure proxied by Current Asset Ratio, price-book value, Debt to Equity Ratio and the dependent variable in this study is Firm Value which is proxied by Price Earning Ratio. The results of this study indicate that CAR, PBV, DER have a positive effect on PER.

Keywords: capital structure, company value


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