THE INFLUENCE OF OWNERSHIP STRUCTURE, DEBT POLICY, AND FIRM GROWTH ON FIRM VALUE (Empirical Study of Manufacturing Companies Listed on the Indonesian Stock Exchange)

Abstract

This study was conducted with the aim of knowing the effect of managerial ownership, institutional ownership, debt policy and firm growth simultaneously and partially on firm value. The sector of manufacturing companies listed on the Indonesia Stock Exchange (BEI) 2013-2019. The independent variables used in this study are managerial ownership, institutional ownership, debt policy and firm growth. The dependent variable used in this study is Firm Value with PBV indicator. This study uses secondary data with a sample size of 24 companies. Data analysis was carried out by using multiple linear regression with the help of SPSS software. The results show that simultaneously managerial ownership, institutional ownership, debt policy and company growth have an effect on Firm Value with an F-count of 45.080 with a significance of 0.000 <0.005. Partially, managerial ownership, institutional ownership, debt policy and firm growth have a significant effect on firm value.