PENGARUH PERTUMBUHAN PERUSAHAAN, KEBIJAKAN HUTANG DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research examined the effect of a company's growth, debt policy, and dividend policy on firm value. The research was quantitative. Furthermore, the Population was Food and Beverage industries listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 27 companies as the sample. Moreover, the data were taken for 3 years during 2020- 2022. In total, 81 data were taken. The data analysis technique used multiple linear regression with SPSS 26 version. The result indicated that: (1) the company's growth did not affect the firm value. It meant that investors did not consider the company's growth in the investment decision-making; (2) debt policy had negative effect on the firm value. This showed that the high of the company's debt affected the investors decision to be decreased to invest: (3) dividend policy had a positive effect on the firm value. This meant that investors consider the amount of dividend shared by the company in investment decision-making.