Open Access DRIVERset
Vol. 1 No. 02 (2021): JUNE

The Effect of Capital Structure on Company Value in Automotive and Component Sector Companies in Go Public Period 2015 - 2019

Gandy Ardiansa (Unknown)
Wiyono Wiyono (Universitas Muhammadiyah Malang)
Fika Fitriasari (Universitas Muhammadiyah Malang)



Article Info

Publish Date
30 Jun 2021

Abstract

This study aims to analyze the capital structure, firm value in the go public automotive and component sectors as well as the effect of capital structure on firm value. The analysis technique used is simple regression analysis with the SPSS program. The sample used is 9 companies taken using the purposive sampling method. The Independent variable is proxied by DER (Debt to Equity Ratio) and PBV (Price to Book Ratio). The results of the analysis show that the variables of capital structure and firm value have a significant negative effect. This means that a decrease in the capital structure will increase firm value.

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