PENGARUH KEBIJAKAN DIVIDEN, KEBIJAKAN HUTANG, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

The main objectives of the company that must be achieved through the implementation of financial management functions carefully and appropriately considering that every financial decision taken will influence other financial decisions that will later affect the value of the company. This research aimed to find out the effect of dividend policy, debt and profitability on company value of banking companies is Indonesia Stock Exchane. While, there were 14 banking companies which go public, as sample, in Indonesia Stock Exchange for three years 2015-2017. With purposive sampling as data sampling technique, there were 42 data which had been collected. In getting the data result, proper test model, which showed it could be ussed in the next research, and also hypothesis test by using T-test were used. In addition, the research result concluded that (1) there was a negative effect which insignificant among dividend policies on the company value; (2) there was a negative effect that was not significant among debts on the company value; (3) there was a significant positive effect among profitability on the company value.
Keywords: Dividend Policy, Debt, Profitability, Company Value