PENGARUH PROFITABILITAS, STRUKTUR MODAL, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to the effect of profitability (ROA), capital structure (DER), and dividend policy (DPR), on the firm value (PBV) of the Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) 2017-2021. The research was quantitative research methods. Moreover, the data sampling technique used purposive sampling, the sample was based on the criteria given. There were 9 companies from 29 Food and Beverage companies listed on the Indonesia Stock Exchange 2017-2021 as the sample. The observation data was 45 data during 5 years. Additionally, the data were secondary data in the form of financial statements and annual statements. The data analysis technique multiple linear regression. The result that ROA had a positive effect on the firm value. It meant the higher ROA of the company was, the more positive signal of the firm value. DER had a positive effect on the firm value. This meant that the higher of DER owned by the company was, the higher the firm value owned by the company. The DER had a positive effect on the firm value. the bigger the DPR shared with the stakeholders, the higher the firm value would be.