PENGARUH STRUKTUR MODAL, KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN TAX AVOIDANCE TERHADAP NILAI PERUSAHAAN

(Studi Empiris pada Perusahaan Manufaktur Sektor Barang dan Konsumsi yang terdaftar di Bursa Efek Indonesia Pada Tahun 2012-2016)

Abstract

Firm value is a benchmark to assess how the management functions performed, it the stock price a company is increases then the higher the level of acceptance of the owners of the company. This study aims to examine the effect of capital structure, managerial ownership, institutional ownership and tax avoidance on the firm value. The sample of this research consisted of 23 manufacturing companies of consumer goods industry sector which listed in BEI period 2012-2016 by using sampling method of purposive sampling. The analysis technique used in this research is multiple linear regression analysis. The result of analysis shows that capital structure has positive and significant effect to firm value. Managerial ownership and institutional ownership have a negative and significant effect on firm value, while tax avoidance does not affect firm value.