PENGARUH STRUKTUR MODAL, PROFITABILITAS, LIKUIDITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN TELEKOMUNIKASI YANG TERDAFTAR DI BEI

Abstract

Telecommunication has become one of the most developed sectors in Indonesia. Many activities are changed from offline to online, thus many internet users increase. This situation can be used to improve the firm value. This research aimed to examine the effect of capital structure, profitability, liquidity, and dividend either partially or simultaneously on the firm value at Telecommunication listed on the Indonesia Stock Exchange (IDX) during 2017- 2021. The research was descriptive-quantitative. Moreover, the data collection technique used purposive sampling. In line with that, there were 7 companies as the sample. The data were secondary, in the form of companies’ financial statements. Furthermore, the data analysis technique used multiple linear regression with SPSS 26. The result concluded that capital structure referred to as DER, profitability referred to as ROA, liquidity referred to as CR, and dividend policy referred to as DPR; had a positive and significant effect on firm value. In suggestion, the telecommunication companies had to be aware of their capital structure, liquidity, and dividend policy since they could be benchmarking companies’ success.