PENGARUH KEBIJAKAN DIVIDEN, KINERJA KEUANGAN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of dividend policy, financial performance, and firm size on firm value. Dividend policy was measured by Dividend Payout Ratio (DPR), financial performance was measured by Return On Asset (ROA), and firm size was measured by SIZE. The research was quantitative. Moreover, the population was Property and Real Estate listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 5 Property and Real Estate companies as the sample. Furthermore, the data were taken for 6 years (2016-2021). In total, threw 30 data samples. The data analysis technique used multiple linear regression with SPSS 25. The result of the data analysis showed that dividend policy had a positive and significant effect on firm value with tcounted of 3.451 and a significance of 0.002. It meant the first hypothesis was accepted. Likewise, financial performance had a positive and significant effect on with tcounted of 2.981 and a significance of 0.002. This meant the second hypothesis was accepted. Similarly, firm size had a positive and significant effect on firm value with tcounted of 2.111 and a significance of 0.045. In other words, the third hypothesis was accepted.