PENGARUH RASIO KEUANGAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to examine the influence of finance ratio which consists of growth opportunity, profitability, leverage and dividend policy on the firm value in food and beverages companies in Indonesia Stock Exchange (IDX). The population consists of 13 food and beverages companies which listed and active in Indonesia Stock Exchange period 2012-2016. The sample was chosen by using purposive sampling technique, so that 12 companies of food and beverages were obtained in accordance with predetermined criteria. Sources of data obtained from secondary data derived from the Indonesia Stock Exchange in the form of financial reports and annual reports. The analytical method used is multiple linear regression analysis with using SPSS (Statistical Product and Service Solutions) application tool. Based on the results of research, it can be seen that the variable Profitability (ROE) has a positive influence on the value of the company. This indicates a direct relationship. That is, if the profitability increases it will be able to increase the value of the company while the variable growth opportunity, leverage (DER) and dividend policy (DPR) has no influence on the value of the company.
Keywords: Growth Opportunity, Profitability, Leverage, Dividend Policy, The value of the company