PENGARUH KEBIJAKAN DIVIDEN, LIKUIDITAS, PROFITABILITAS TERHADAP NILAI PERUSAHAAN SEKTOR TAMBANG YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to examine the effect of dividend policy (Dividend Payout Ratio), liquidity (Current Ratio), and profitability (Return On Equity) on the firm value of Mining companies listed on the Indonesia Stock Exchange.The research was quantitative. Moreover, the population was Mining companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 6 Mining companies as the sample. Furthermore, the data were taken for 5 years (2018-2022). In total, there were 35 data samples. Additionally, the data were secondary from companies’ financial statements. The data analysis technique used multiple linear regression with SPSS 29. The result concluded that dividend policy (Dividend Payout Ratio) had a negative and significant effect on firm value. However, liquidity (Current Ratio) had a negative and insignificant effect on firm value. In contrast, profitability (Return On Equity) had a negative and significant effect on firm value.