PENGARUH KEBIJAKAN DIVIDEN, UKURAN PRUSAHAAN, PROFITABILITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN

Abstract

Company is built in order to maximize the sharehplders’ prosperity. This objective can be achieved by
maximizing its firm value. When the shareholders entrust the management to ther parties, the owner are rely on
its management in incresing the firm value. Consequenly, this will ultimately increase the shareholder’s
property. This research aimed to find out the effect of dividend policy, firm size, profitability, and leverage on the
firm value of manufacturing companies which were listed on Indonesia Stock Exchange 2016-2018. While, the
research was quantitative. Moreover, the data were secondary and taken from indonesia Stock Exchange. While,
the data collection technique used purposive sampling. In line with, there were 33 samples. Moreover, the data
analysis technique used multiple regression with SPSS 25. The research result concluded profitability which was
measured by Return On Asset and Leverage which was measured by Debt to Total Asset had affected the firm
value. On the other hand, dividend poicy which was measured by Dividend Payout Ratio and Firm Size which
was measured by Log Natural did not affect the firm value.
Keywords: dividen policy, firm size, profitabilty, leverage, firm value