the effect of capital structure, business risk and sales growth on firm value on the automotive and component sub-sector companies listed on the idx in 2017-2021
DOI:
https://doi.org/10.32528/issh.v2i3.411Keywords:
Firm Value, Capital Structure, Business Risk, Sales GrowthAbstract
This study sights to figure out the effect of capital structure, business risk, and sales growth to firm value in the Automotive and Component Sub Sectors officially listed on the Indonesia Stock Exchange (IDX). This research has been collecting 5 years 2017 to 2021. This research is slightly typical of descriptive research that practically applies a quantitative approach. A total of 15 companies were the population in this research. Besides, the purposive sampling technique has practically applied to opt-in samples, and subject to predetermined criteria, 9 companies have opted to encourage the accomplishment of this research. The data that has been used is typical of secondary data that is acquired from the yearly financial reports of required companies that are officially listed on the IDX website. In addition, data analysis using the EViews 10 program has been applied as an analytical method in this research. The results showed that capital structure and business risk have no effect on firm value, while sales growth has a significant effect on firm value. And simultaneously capital structure, business risk and sales growth affect firm value.
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