THE INFLUENCE OF MANAGERIAL OWNERSHIP, CAPITAL TRUCTURE, EFFECTIVE TAX RATE (ETR), AND FIRM SIZE ON COMPANY VALUE

Abstract

This study aims to analyze the effect of managerial ownership, capital structure, effective tax rate, and  firm size on company value. The sampling technique used in this study was the purposive sampling method. The samples used were 14 food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2017-2021 period. The analytical technique used in this study is panel data regression using the Fixed Effect Model. The results showed that managerial ownership, company size, and capital structure affected company value, while the effective tax rate did not affect company value. The results of the F test showed that managerial ownership, capital structure, effective tax rate, and company size simultaneously influence company value.