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

Abstract

This research aimed to examine the effect of prfitability, investment decision, dividend policy, and debt policy on
firm value. While, profitability was measured by Return On Equity (ROE), investment decision was measured by
Price Earning Ratio (PER), dividend policy measured by Dividend Payout Rasio (DPR), and debt policy was
measured by debt to equity. The research was quantitative. Moreover, the population was 49 manufacturing
companies which were listed on Indonesia stock exchange (IDX) during 2016-2018. Futhermore, the data
collectiontechnique used purposive sampling. In which the sample was basedon criteria given. In line with, there
were 147 sampels. Additionally the data analysis technique used multiple linear regresion with SPSS twenty
three. The research result concluded profitability had positive effect on firm value. Likewise, investment decision
had positive effect on firm value similarly, dividend policy had positive on firm value. On the other hand, debt
policy did affect firm value.
Keywords: profitability, investment decision, dividend policy, debt policy, firm value