PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN, DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN TRANSPORTASI YANG TERDAFTAR DI BEI)

Abstract

This research aimed to examine the effect of profitability, dividend policy, and capital structure on the firm value of Transportation companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022. Profitability was measured by Return On Assets (ROA), dividend policy was measured by Dividend Payout Ratio (DPR), and capital structure was measured by Debt to Equity Ratio (DER). Moreover, the capital structure was measured by the Debt to Equity Ratio. The research was quantitative. Furthermore, the population was Transportation companies listed on IDX. The data collection technique used purposive sampling. In line with that, there were 10 companies as the sample. Additionally, the data were taken for 5 years (2018-2022). In total, 50 data samples were taken. In addition, the data analysis technique used multiple linear regression with SPSS. The result concluded that ROA had a positive and significant effect on firm value. However, DPR had a negative and insignificant effect on firm value. In contrast, DER had a positive and significant effect on firm value.