The Capital Structure and Company Size on Firm Value : (Case Study on Ciputra Development Tbk)

Aisyah Dwi Fadzilah; Jeni Irnawati; Muhamad Nurhamdi

doi:10.59890/he4vpj26

Authors

Aisyah Dwi Fadzilah Pamulang University Author
Jeni Irnawati Pamulang University Author
Muhamad Nurhamdi Pamulang University Author

DOI:

https://doi.org/10.59890/he4vpj26

Keywords:

Capital Structure (DER), Company Size, Firm Value

Abstract

This study entitled the purpose of study was to determine the effect of capital structure on firm value at PT Ciputra Development Tbk, to determine the company size on firm value at PT Ciputra Development Tbk, and to determine the effect of capital structure and company size on firm value at PT Ciputra Development Tbk. This study used Multiple Linier Regression Analysis method where data is processed using SPSS 22 software for Windows. The variables studied are X1 (Capital Structure), X2 (Company Size), and Y (Firm Value). The data used in the study was obtained from the Indonesia Stock Exchange, PT Ciputra Development Tbk during the period 2013 – 2023. Data analysis tecthniques using t-test data and F-test in testing the hypothesis. The data analysis technique includes hypothesis testing using t-tests and F-tests. The results indicate that the capital structure (DER) coefficient is -0.003 with a significance level of 0.725 > 0.05, suggesting no significant influence on firm value. Company size (X2) has a coefficient of -0.989 with a significance level of 0.006 < 0.005, indicating a negative and significant impact on Firm Value. Overall, both capital structure (DER) and company size significantly affect firm value, with a coefficient of determination (R^2) of 0.556 or 55.6%

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