PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of dividend policy, profitability and leverage on the firm value of some food and beverage companies. While dividend policy referred to dividend payout ratio, profitability referred to return on equity, leverage reffered to debt to equity ratio and firm value reffered to price book value. The population was some food and beverage companies which were listed on Indonesia Stock Exchange 2014-2018 and used rupiah currency. Moreover, the data collection technique used purposive sampling. In line with, there were 8 companies as samples. Furthermore, the data analysis technique used multiple linear regression. The research result conluded dividend policy and profitability had significant effect on the firm value of food and beverage companies which were listed on Indonesia Stock Exchnge 2014-2018. Likewise, leverage insignificant on the firm value of food and beverage companies which were listed on Indonesia Stock Exchnge 2014-2018. In another words, the film value was not affected by DER, but it was affected by some investment which had been done by company and its ability to make profit.
Keywords: dividend policy, profitability, leverage, firm value.