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

Abstract

This research aimed to describe how the effect of profitability (ROA), leverage (DER), liquidity (CR), and dividend policy (DPR) on the firm value (PBV) of Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX) from 2015up to 2020. While profitability was measured by Return On Asset (ROA), leverage was measured by Debt to Equity Ratio (DER), liquidity was measured by Current Ratio (CR), and dividend policy was measured by Dividend Payout Ratio (DPR). The research was quantitative. Moreover, the data were secondary in the form of annual financial statements. The data collection technique used purposive sampling. In line with that, there were 6 Food and Beverage companies that were listed on IDX for 6 years (2015-2020) as the sample. In total, there were 48 samples. The research result concluded that profitability had a positive on firm value. On the other hand, leverage, liquidity, and dividend policy did not affect the firm value of Food and Beverage companies that were listed on IDX from 2015-up to 2020.