CAPITAL STRUCTURE, INVESTMENT OPPORTUNITY SET, DIVIDEND POLICY AND PROFITABILITY AS A FIRM VALUE DETERMINANTS

ABSTRACT The purpose of this study was to determine the effect of capital structure, investment opportunity set, dividend policy and profitability on the value of manufacturing companies in the Indonesia Stock Exchange. The population in this study were all manufacturing companies on the Indonesia Stock Exchange totaling 146 companies in the 2013-2016 period. The sample determination technique used was purposive sampling, so the final sample obtained was 24 companies incorporated in manufacturing companies on the Indonesia Stock Exchange. The data analysis technique used is multiple linear regression analysis with the help of SPSS 22 for Windows application. Based on the results of the analysis shows that: investment opportunity set, dividend policy, and profitability have an influence on the firm value, while the capital structure does not have an influence on the value of manufacturing companies in the Indonesia Stock Exchange. Keywords: capital structure, investment opportunity set, dividend policy, profitability, firm value