PENGARUH PROFITABILITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN, TERHADAP NILAI PERUSAHAAN

Abstract

The value of the company which is the investor's perception of the company's success rate is often associated with stock prices. High stock prices make the value of the company is also high. High company value will make the market believe not only in high company performance but in the company's prospects in the future. The higher the share price, the higher the wealth of the shareholders. The purpose of this study was to determine the effect of profitability, leverage and dividend policy on firm value. The sample in this study was manufacturing companies in the consumer goods industry sector which were listed on the Indonesia Stock Exchange (IDX) in the 2014-2018 range. While the research sample was selected using a purposive sampling method which was then obtained by 15 companies. Hypothesis testing uses multiple regression analysis to examine the effect of profitability, leverage and dividend policy on firm value. The results of the study prove that the profitability and leverage variables significantly influence the value of the company, while the dividend policy variable does not affect the value of the company
Keywords : profitability, leverage, Dividend policy, the value of the company