Pengaruh Profitabilitas dan Struktur Modal terhadap Nilai Perusahaan dengan Kepemilikan Manajerial sebagai Variabel Moderasi (Studi pada Perusahaan Property dan Real Estate Yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2017)

Abstract

This study aims to determine the effect of Profitability and capital structure of the company's value and managerial ownership in moderate financial performace and capital structure company's value. This study uses data on property and real estate companies listed on the Indonesia Stock Exchange (BEI) 2015-2017. The samples in this study using purposive sampling method, the number of observations by 47 sample. The data analysis technique used is Moderated Regression Analysis (MRA). Based on the results of the moderation regression analysis found that Profitability has an effect on firm value, capital structure does not affect company value and managerial ownership is able to moderate Profitability which is proxied by Return On Assets on firm value, while managerial ownership is not able to moderate capital structures that are proxied by Debt to Equity Ratio to firm value.