PENGARUH PROFITABILITAS, LEVERAGE, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of profitability which was proxy with (ROE), leverage which was proxy with Debt to Equity ratio (DER), and dividend policy which was proxy with Dividend Payout Ratio (DPR) on the firm value which was proxy with Price Book Value (PBV) of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. The research was quantitative. Moreover, the data analysis technique used multiple linear regression with SPSS 25 version. The population was 42 Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. Furthermore, the data collection technique used purposive sampling. In line with that, there were 11 companies as the sample. The data were taken for 3 years. In total, there were 33 observation data which were taken from the official website of the Indonesia Stock Exchange (www.idx.co.id). The result analysis showed that profitability which was proxy with Return on Equity (ROE) had a positive effect on the firm value of Food and Beverage companies. Likewise, leverage which was proxy with Debt to Equity Ratio (DER) had a positive effect on the Food and Beverage companies. Similarly, dividend policy which was proxy with Dividend Payout Ratio (DPR) had a positive effect on the firm value of Food and Beverage companies.