PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research examined the effect of dividend policy, profitability, and leverage on the firm value. The dividend policy was measured by the Dividend Payout Ratio, profitability was measured by Return on Asset, and leverage was measured by Debt toEquity Ratio. The research was quantitative. Furthermore, the population was Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used a purposive sampling method ie., a sample selection with determined criteria. In line with that, there were 64 samples from 16 Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2019- 2022 2022. Moreover, the data analysis technique used multiple linear regression with the instrument of the SPSS program. Based on the research data analysis and hypothesis test it concluded that the dividend policy had a positive effect on the firm value. On the other hand, profitability did not affect the firm value. In contrast, leverage had a positive effect on the firm value.