PENGARUH KEBIJAKAN HUTANG, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of debts policy, profitability, and firm size on firm value.
While the debts policy was measured by Debt to Equity Ratio (DER), profitability was measured by
Return On Asset (ROA), and firm size was measured by SIZE. The research was quantitative.
Moreover, the data were secondary in the form of companies’ annual reports through the official
website of Indonesia Stock Exchange (IDX). Furthermore, the population was Food and Beverages
companies which were listed on IDX during 2016-2020. Additionally, the data collection technique
used purposive sampling, in which the sample was based on criteria given. In line with that, there were
12 companies as a research sample with 60 observation data. In addition, the data analysis technique
used multiple linear regression with SPSS. The research result concluded that the debts policy had a
positive effect on firm value. Likewise, profitability had a positive effect on firm value. On the other
hand, firm size did not affect firm value.