Pengaruh Struktur Modal dan Inflasi Terhadap Nilai Perusahaan
(Studi pada Perusahaan Bank Mandiri yang Terdaftar di BEI)
DOI:
https://doi.org/10.61132/prosemnasimkb.v2i2.290Keywords:
Bank Mandiri, Capital Structure, Firm Value, Inflation, Indonesia Stock ExchangeAbstract
Firm value reflects the market’s perception of a company’s future profit potential and risk, making it a crucial basis for investment and financing decisions. This study aims to analyze the effect of capital structure and inflation on the firm value of PT Bank Mandiri Tbk, which is listed on the Indonesia Stock Exchange (IDX). The research employs a quantitative approach using secondary data obtained from the company’s annual financial statements and national inflation data from the Central Statistics Agency (BPS) during the study period. Descriptive analysis results indicate that Bank Mandiri’s capital structure is relatively stable, with an average of 6.40 and a standard deviation of 0.043, reflecting consistent financial policies and effective risk management. Inflation levels are also low and stable (average 0.03; standard deviation 0.015), suggesting mild macroeconomic pressure. The firm value shows an average of 3.18 with a standard deviation of 0.026, demonstrating strong investor confidence in Bank Mandiri’s performance. The classical assumption tests show that the data are normally distributed (Sig. 0.200 > 0.05), no multicollinearity exists (VIF 1.639 < 10; Tolerance 0.610 > 0.1), no heteroscedasticity is present (Sig. X1 = 0.934; X2 = 0.202 > 0.05), and no autocorrelation is detected (Durbin-Watson = 1.513). Therefore, the regression model used is considered appropriate to test the effect of capital structure and inflation on firm value.
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