PENGARUH PROFITABILITAS, LIKUIDITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine whether the profitability, liquidity, leverage, and dividend policy
affected the firm value at Food and Beverages company listed on Indonesia Stock Exchange in the
2016-2020 period. Furthermore, this research used quantitative with secondary data through a
financial statement. Moreover, the research sample collection technique used the purposive sampling
method. Meanwhile, the research population was 12 Food and Beverages companies and it obtained
10 companies that fulfilled the research criteria. The analysis method of this research used multiple
linear regressions analysis with software computer instrument of SPSS 20. The hypothesis test result
concluded that profitability was proxy with Return On Assets had a significantly positive effect on
the firm value. Liquidity was proxy with Current Ratio had an insignificantly negative effect on the
firm value. Meanwhile, leverage was proxy with debt to Asset Ratio had a positive and insignificant
effect on the firm value. On the other hand, dividend policy was proxy with Dividend payout ratio
had a significantly negative effect on the firm value.