Abstract
This study is about the value of the food and beverage sector manufacturing companies in the Indonesia Stock Exchange from 2013 to 2016. The objective is to analyze the effect of Profitability and Good Corporate Governance in mediating the effect of capital structure on firm value.
 Methods of data analysis using multiple regression and single test to test the hypothesis. The population in this research are food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018. The sample in this study was selected through purposive sampling, so that a sample of 42 companies was obtained.
 The result of this research is that capital structure has a negative and significant effect on profitability. Capital structure has a positive and significant effect on Good Corporate Governance (GCG). Capital structure has a positive and significant effect on Firm Value. Profitability has a positive and significant effect on Firm Value. Good Corporate Governance (GCG) has a positive and insignificant effect on Company Value. Profitability cannot mediate the relationship between capital structure and firm value. Good Corporate Governance (GCG) cannot mediate the relationship between capital structure and firm value.
Highlights
This study is about the value of the food and beverage sector manufacturing companies
The objective is to analyze the effect of Profitability
food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange
Summary
Struktur Modal Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Manufaktur sektor Makanan dan Minuman di Bursa Efek Indonesia Tahun 2016-2018). Penelitian ini mengenai nilai perusahaan manufaktur sector makanan dan minuman di Bursa Efek Indonesia tahun 2016 sampai dengan 2018. Tujuannya adalah menganalisis pengaruh Profitabilitas dan Good Corporate Governance dalam memediasi pengaruh Struktur Modal terhadap nilai perusahaan. Populasi dalam penelitan ini adalah perusahaan manufaktur sector makanan dan minuman yang terdaftar di Bursa Efek Indonesia tahun 2016 sampai sengan 2018. Struktur modal berpengaruh Positif Dan signifikan terhadap Good Corporate Governance (GCG). Struktur modal berpengaruh positif dan signifikan terhadap Nilai Perusahaan. Good Corporate Governance (GCG) berpengaruh positif tidak signifikan terhadap Nilai Perusahaan. Profitabilitas tidak dapat memediasi hubungan struktur modal terhadap nilai perusahaan. Good Corporate Governance (GCG) tidak dapat memediasi hubungan struktur modal terhadap nilai perusahaan. Kata Kunci : Profitabilitas, Good Corporate Governance, Struktur Modal, Nilai Perusahaan
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