Profitabilitas, Size, Growth dan Struktur Modal Terhadap Nilai Perusahaan Bank BUMN yang Go Public di Indonesia

Abstract

This study aims to analyze the impact of profitability, firm size, firm growth, and capital structure on firm value of go public state-owned bank (Tobin's Q). The population in this study is state-owned banks listed on the Indonesian Stock Exchange (IDX). The method used is non-probability sampling with purposive sampling technique and obtained 4 state-owned bank used as samples for period 2011-2020. . The analytical technique used is Partial Least Square Structural Equation Modeling (PLS-SEM) with the help of software SmartPLS version 3.0 as a data analysis tool. This study shows that profitability and firm size have a positive and significant effect on firm value. Firm growth and capital structure have no positive effect and no significant effect on firm value.