Pengaruh Profitabilitas, Growth Opportunity Terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening pada perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)

ABSTRACT

NAWAL ULFAH INDAH SARI. The Influence Of Profitability, Growth Opportunity On Company Value With Capital Structure As Intervening Variables In The Food And Beverage Sub Sector Manufacturing Companies Listed On Bei (supervised by Cepi Pahlevi and Fauzi R. Rahim)

This study aims to analyze whether Profitability, Growth Opportunity on the value of companies with capital structure as an intervening variable have an effect. Data collection uses secondary data obtained from financial statements and a summary of the performance of listed companies using purposive sampling technique. The population is as many as 26 companies, while the samples taken are 8 companies. This sample has been tested for convergent validity, discriminant validity, composite reliability, and model suitability tests.
The results showed that the proposed hypothesis was accepted because it showed positive and significant hypothesis test results. This means that profitability, growth opportunity, capital structure on firm value have a positive effect, but the results of profitability on capital structure are rejected because the positive results are not significant, as well as the results of growth opportunity research on capital structure are also rejected because the results of the negative hypothesis test are significant, and The proposed hypothesis is rejected which shows that the results of the hypothesis are not significant. This means that capital structure as an intervening variable is not able to influence profitability and growth opportunity on firm value.

Keywords: Profitability, Growth Opportunity, Capital Structure, Firm Value