PENGARUH PROFITABILITAS, ARUS KAS OPERASIONAL, DAN DIVIDEN TUNAI TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine profitability, operational cash flow, andcash flow dividend on the firm value. Furthermore, the variables of the profitability are measured by the Return On Asset (ROA), the operational cash flow variable measuredby Operational Cash Flow (AKO), the cash dividend variable measured byDividend Payout Ratio (DPR), and the dependent variable, the firm valuemeasured by Price to Book Value (PBV). Moreover, this research is used quantitatively.The population of this research used a purposuve sampling method at LQ-45 company listed on Indonesia Stock Exchange Indonesia (IDX) during the periods of 2016-2019, and based on the determined criteria, it obtained 27 companies. Furthermore, this research’s analysis method used multiple regressions analysis with the program Statistical Product and Service Solutions(SPSS) 23 version.This research concluded the Return On Asset (ROA), Operational Cash Flow (AKO) positively affected the firm value. Meanwhile, Cash Dividends did not affect firm value.
Keywords: profitability, operational cash flow, cash dividend