EFFECT OF COMPANY SIZE, CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE ON THE VALUE OF AUTOMOTIVE AND COMPONENT MANUFACTURING COMPANIES REGISTERED IN IDX FOR THE PERIOD 2017-2019

  • Ajeng Salsabelia STIE Widya Gama Lumajang
  • Ninik Lukiana STIE Widya Gama Lumajang
  • Kurniawan Yunus Ariyono STIE Widya Gama Lumajang
Keywords: company size, capital structure, financial performance and company value

Abstract

This study aims to find out and test the influence of company size, capital structure and financial performance on the value of automotive and component manufacturing companies registered in IDX for the period 2017-2019. This type of research is quantitative research by sampling using purposive sampling method and obtained by 14 companies with 42 data of financial statements of automotive sector manufacturing companies and components registered in IDX period 2017-2019. The data analysis techniques in this study used multiple linear regression analysis techniques and partial t-tests. The results of this study showed that the size of the company and the capital structure had no effect on the value of automotive and component manufacturing companies registered in IDX for the period 2017-2019, while financial performance had a positive and significant effect on the value of automotive and component manufacturing companies registered in IDX for the period 2017-2019.  The R Square value in this study was 19.6% indicating that the contribution of company size, capital structure and financial performance to the company's value was 19.6%, while the remaining 80.4% was influenced by other variables not included in the study such as dividend policy, corporate risk and managerial ownership.

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Published
2021-09-20