PENGARUH PROFITABILITAS, LEVERAGE, KEPUTUSAN INVESTASI, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of profitability, leverage, investation decision, and divident policy on company value. The profitability was examined by using ratio of Return On Aset (ROA) formula. While, leverage used ratio of total debt to equity or Equity Ratio (DER). Moreover, investation descision was examined by Per Earning Ratio (PER), in which the comparisson between closing price with profit of shares per sheet. For the divident policy, it was examined by Divident Payout Ratio (DPR). While, company value as dependen variable was examined by Price to Book Value (PBV). The sampling collection technique used purposive sampling as it was applied for food and beverages companies which stated in Indonesia Stock Exchange 2013-2017. While, there seven companies as sample and the data were taken from yearly financial report for 5 years, during 2013-2017. The hypothesis testing was analyzed with multiple regression linier. In addition, the research result concluded that the profitability, leverage and dividend policy had positive effect on company value. On the other hand, investation decision did not affect on company value.
Keywords: profitability, leverage, investation decision, dividend policy, company value.