PENGARUH HPROFITABILITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine and analyze the effect form of profitability, leverage, and dividend policy on the firm value. While the independent variables were profitability which was referred to as Return On Assets (ROA), leverage which was referred to as Debt to Assets Ratio (DAR), and dividend policy which was referred to as Dividend Per Share (DPS). The research was quantitative. Moreover, the population was Transportation and Logistics companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022 (5 years). Furthermore, the data collection technique used purposive sampling, in which the sample was based on determined criteria. In line with that, there were 20 Transportation and Logistics companies as the sample. In total, there were 79 data observations. Additionally, the data analysis thechnique used multiple linear regression analysis. The result indicated that (a) profitability did not effect on the firm value of Transportation and Logistics companies listed on the Indonesia Stock Exchange (IDX), (b) leverage had a positive effect on the firm value of Transportation and Logistics companies listed on the Indonesia Stock Exchange (IDX), (c) dividend policy did not affect on the firm value of Transportation and Logistics companies listed on the Indonesia Stock Exchange (IDX).