PENGARUH PROFITABILITAS, KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA INDEKS LQ45 DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of profitability, investment decisions, dividend policy, and firm size on the firm value. Profitability was measured by Return On Equity (ROE), investment decision was measured by Price Earning Ratio (PER), dividend policy was measured by Dividend Payout Ratio (DPR), and firm was size measured by Ln Total Aset (SIZE). The research was quantitative. Furthermore, the population was LQ-45 index companies listed on the Indonesia Stock Exchange (IDX) during 2020-2022. The data collection technique used a purposive sampling i.e., a sample collection technique with determined criteria. In line with that, there were 26 companies as the sample with three years of observation. Therefore, it obtained 78 data samples. Moreover, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution). The result indicated that profitability had an insignificant effect on the firm value. Likewise, the investment decision had an insignificant effect on the firm value. On the other hand, the dividend policy had significantly positive effect on the firm value. Similarly, the firm size had significantly positive effect on the firm value.