PENGARUH STRUKTUR MODAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN PADA PT ASTRA OTOPARTS, Tbk. YANG TERDAFTAR DI BURSA EFEK INDONESIA

The purpose of this research are 1. to know the decription of capital structure, profitability, and
the firm’s value at PT Astra Otoparts, Tbk. listed in Indonesia Stock Exchange. 2. The influence of
capital structure and profitability on the firm’s value at PT Astra Otoparts, Tbk. listed in Indonesia Stock
Exchange
This research was conducted using qualitative descriptive and quantitative descriptive analysis.
The data was collected by documentation method. The analysis technique was used by multiple linear
regression, correlation coefficient, determination coefficient, F test and t test. Data analysis was
performed using SPSS 20 statistical software assistance.
The result of this research was concluded: 1. The everage of DER is 42,93%, the average of
ROE is 17%, and the average of PER is 1359,81%. 2. The result of regression is Ŷ = 1949,434 +
23,944 X
1
– 94,870 X
2
There was a positive influence for capital structure and negative for profitability
on the firm value. 3. There was a strong correlation between capital structure and profitability on the
firm value as much as 0,937 and 87,8% for determination. 4. The F test result showed that capital
structure and profitability significant effect on the value of the firm’s at PT Astra Otoparts, Tbk. listed in
Indonesia Stock Exchange 5. The t test results showed that capital structure affected but not significant
on the value of the firm’s and profitabilty significant effect on the value of the firm’s at PT Astra
Otoparts, Tbk. listed in Indonesia Stock Exchange.
As for suggestion from this research is the firm’s should manage the capital well so that the
benefit obtained increase.