PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERCATAT DALAM INDEKS SAHAM SYARIAH INDONESIA DI BURSA EFEK INDONESIA TAHUN 2012 - 2014

Abstract

DENNY SETIYANTO, The Effect of Capital Structure and Profitability on Firm Value In Manufacturing Company Listed In Indonesia Sharia Stock Index In The Indonesia Stock Exchange In Period 2012 - 2014. Faculty of Economy State University of Jakarta. 2016. This study aims to determine the effect of capital structure and profitability on the firm value in manufacturing company listed in Indonesia Sharia Stock Index in The Indonesia Stock Exchange Year 2012 – 2014, both partially as well as simultaneously. This research uses a quantitative approach with associative analysis. This study uses secondary data from company financial and annual report. The population in this study were 47 manufacturing companies and the sample consist of 42 manufacturing companies. The data analysis technique in this study uses multiple linear regression, classic assumption test, and the hypothesis test consist of t-test and F-test. Based on the results of data analysis known that there is a partial effect between capital structure to the company's value. The result showed the value of t count greater than t table or 3.133 > 2.023 with 0.003 significance of the numbers so that the capital structure has a positive and significant effect on firm value. This study also shows that there is a partial effect between profitability and corporate value. The result showed the value of t count greater than t table or 6,049 > 2,023 with the significance of the numbers 0,000 so that profitability has positive and significant effect on firm value. Simultaneously, there is influence between capital structure and profitability of the company's value. The result showed the value of F count greater than F table or 18.555 > 3.240 with significant value 0,000 so that the capital structure and profitability have a significant effect on the value of the company. There is a positive and strong relationship with a coefficient of 0.698 and the effect of capital structure and profitability of the enterprise value of the manufacturing companies listed in Indonesia Sharia Stock Index in the Indonesia Stock Exchange amounted to 48.8%