Pattern Of Relationship Between Macro Economics, Capital Structure, Profitability, And Firm Value of Manufacturing Companies

This type of research is a quantitative study, to see the pattern of the relationship between profitability, macroeconomics, capital structure and company value of manufacturing companies listed on the IDX for the 2014-2018 period. The population used in this research is manufacturing companies. The sample in this study were manufacturing companies listed on the IDX in 2014-2018. The sampling technique in this study using purposive sampling. The sampling criteria include manufacturing companies that are active on the Indonesia Stock Exchange in 2014-2018, manufacturing companies that do not have a negative equity value. The type of data in this study is secondary data in the form of financial reports for 2014-2018, while the data sources in this study were obtained from the IDX website www.idx.co.id, ICMD 2014-2018, Bank Indonesia. The data was collected by using literature study and documentation. Literature study is carried out by processing literature, journals, articles and other written media related to this research, while documentation is carried out by collecting documentary data sources, namely financial reports. The endogenous variable in this study is firm value, while firm value can be measured PER, EPS and closing price. Profitability has a significant effect on firm value in manufacturing companies listed on the Indonesia Stock Exchange for the 2014-2018 period, one of the indicators that has a major effect on the value of manufacturing companies is ROA. The results showed that the profitability ratio of Return on Assets (ROA) had the most influence on the company's assessment as measured by the company's ability to respond to investors' expectations. Keywords: Macro Economics, Capital Structure, Profitability, and Firm Value