PENGARUH LEVERAGE, PROFITABILITAS, UKURAN PERUSAHAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

The main goal of companyis to maximize the prosperity of the stakeholders, as it can be achieved by maximizing
the firm value. This study aims to examine the effect of leverage, profitability, company size and dividend policy
on firm value.TheThis research aimed ti examine the effect of leverage, profitability, firm size and dividend
policy on the firm value. The population was manufacturing companies which were listed on Indonesia Stock
Exchange (IDX) 2013-2017. While, the data collection technique used pruposive sampling, in which the sample
was based on criteria given. In line with, there were 14 manufacturing companies as sample. Moreover,the data
analisys technique used multiple liniear regression. The research result concluded leverage did not effect the
firm value. This made the first hypothesis was denied. Furthermore, profitability had positive effect o the firm
value. It meant, the second hypothesis was eccepted. Besides, firm size had positive effect on the firm value. In
other words, the third hypothesis was eccepted. In addition, dividend policy did not effect the firm value.
Therefore, the fourth hypothesis was denied.
Keyword: leverage, profitability, firm size, dividen policy, firm value.