PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN, DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

The purpose of the company is to achieve maximum profit and want to prosper the shareholders and other goals of maximizing the value of the company that can be affected by several factors such as profitability, dividend policy, and investment decisions. This research aims to examine the influence of profitability, dividend policy, and investment decisions proxyed by return on assets (ROA), dividend payaout ratio (DPR), and price earnings ratio (PER) to firm value proxies with price book value (PBV) on food and beverages companies which listed on the Indonesia Stock Exchange (BEI). Sampling is done by using purposive sampling method at food and beverages company which listed in Indonesia Stock Exchange (IDX) during period of 2012-2016, and based on predetermined criteria, the sample of 9 food and beverages companies is obtained. The method used is multiple linear regression analysis using SPSS application tool (Statistical Package for Social Sciences) version 20. The result of the research shows that profitability have positive and significant influence to firm value, dividend policy has positive and significant influence to firm value, and investment decision have positive and significant influence to firm value.
Keywords: Profitability, dividend policy, investment decision, and corporate value.