PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, KEBIJAKAN DIVIDEN, TINGKAT SUKU BUNGA TERHADAP NILAI PERUSAHAAN

  • Vera Veronica
  • Budhi Satrio

Abstract

This research aimed to find out the effect of profitability, firm size, dividend policy, and interest rate
level on the firm value at Property and real estate companies listed on the Indonesia Stock Exchange
in the 2016-2020 period. The independent variables of this research were profitability measured by
Return on equity, firm size measured by size, dividend policy measured by dividend payout ratio, and
the interest rate measured by BI-7Day Repo Rate, meanwhile, the research dependent variable used
firm value measured by Price to book value. This research used the quantitative method.
Furthermore, the research sample collection technique used the purposive sampling method, a
selection sample based on the determined criteria. Moreover, based on the property and real estate
listed on Indonesia Stock Exchange during the 2016-2020 period. In addition, the analysis method of
this research used multiple linear regressions analysis.This research indicated that profitability had a
positive and significant effect on the firm value, the firm size had a negative and insignificant effect on
the firm value, while dividend policy had an insignificantly positive effect on the firm value and the
interest rates had a negative and insignificant effect on the firm value.

Published
2022-04-13