PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP NILAI PERUSAHAAN DAN STRUKTUR MODAL

The company has a long-term goal, namely to maximize shareholder wealth. Maximizing shareholder wealth can be achieved by maximizing present value. The purpose of this study was to determine the effect of institutional ownership, capital structure, profitability and firm size on firm value on the Indonesia Stock Exchange for the period 2014-2017. The population of this study is the manufacturing industry listed on the Indonesia Stock Exchange in 2014-2017. The method of determining the sample is purposive sampling method, with several predetermined criteria, the number of samples is 93 manufacturing companies. Research data is secondary data. The data analysis technique used in this research is multiple linear regression analysis. The results of this study indicate that: 1) Profitability has a positive and significant effect on firm value, 2) Firm size has a positive and significant effect on firm value, 3) Institutional ownership has no effect on firm value, 4) Profitability has a negative and significant effect on capital structure, 5) firm size has a positive and significant effect on capital structure, 6) institutional ownership has no effect on capital structure.