Sherly Kemala Devi, 7311416145 (2020) PENGARUH STRUKTUR MODAL DAN RISIKO PERUSAHAAN TERHADAP NILAI PERUSAHAAN (Studi Kasus pada Perusahaan Pertanian yang Terdaftar di Bursa Efek Indonesia Periode 2009-2018). Under Graduates thesis, Universitas Negeri Semarang.

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Abstract

Firm value is an important thing because it can influence investors' views on company performance. The parameter used to measure the value of this company is Price to Book Value (PBV). This study uses independent variables, namely capital structure (DER) and company risk (Beta) which affect the dependent variable, namely Price to Book Value (PBV). There are inconsistencies from previous research regarding the value of firms subject to research, so the aim of this study is to determine the effect of capital structure and firm risk on firm value. The population in this study were 27 agricultural companies listed on the Indonesia Stock Exchange in 2009-2018. The sampling technique used purposive sampling in order to obtain 10 companies. The data analysis technique uses descriptive analysis, classical assumptions, and hypothesis testing with the tools using Eviews 10. The results showed that the independent variable, namely capital structure, had a significant negative effect on the variable of this study, namely firm value, so that the capital structure caused a decrease in firm value. Another independent variable, namely company risk, also has a negative but insignificant effect on the dependent variable of this study, namely firm value. These results indicate that changes in the level of company risk will not affect changes in firm value. Company management and investors need to pay attention to the debt ratio (DER) in the capital structure, because it has a significant effect on firm value, as a consideration in obtaining large funds and profits from the company. Suggestions to further researchers are expected to add other objects, other independent variables, and other theories that can better explain the actual variation and influence between variables with similar topics

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