PENGARUH KEBIJAKAN DEVIDEN, KEBIJAKAN HUTANG, KEPUTUSAN INVESTASI DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of dividend policy, debt policy, investment decisions, and profitability on the firm value of Automotive companies listed on the Indonesia Stock Exchange (IDX) during 2015-2021. Dividend policy was measured by Dividend Payout Ratio (DPR), debt policy was measured by Debtto Equity Ratio (DER), investment decisions was measured by Price to Earning Ratio, and profitability was measured by Return On Assets. The population was 13 Automotive companies. Moreover, the research wasquantitative. The data were taken from companies’ financial statements. Furthermore, the data collection technique used purposive sampling. In line with that, there were 6 Automotive companies listed on IDX during 2015-2021 as the sample. Additionally, the data analysis technique used multiple linear regression. The result of the hypothesis test showed that dividend policy as well as debtpolicy did not affect firm value. On the other hand, investment decisions had a positive effect on firm value.