PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine whether thre was an effect of profitability, dividend policy, and
leverage on firm value which were listed on Indonesia Stock Exchange. While profitability was
measured by ROA (Return On Asset), dividend policy was measured by DPR (Dividend Payout Ratio),
leverage was measured by DAR (Debt to Total Asset Ratio), and firm value was measured by PBV
(Price to Book Value).The data used were secondary, in the form of annual reports of each LQ-45
company which were listed on Indonesia Stock Exchange during 5 periods (2016-2020) was based on
criteria given. In line with that, there were 16 LQ-45 companies as the sample. Futhermore, the data
analysis technique used multiple linear regression with SPSS (Statistical Product and Service
Solution) 22.The research result concluded that profitability had a positive and significant effect on firm
value. Likewise, dividend policy had a positive and significant effect on firm value. Similarly, leverage
had a positive and significant effect on firm value.