PENGARUH KEBIJAKAN DEVIDEN, KEBIJAKAN HUTANG DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of dividebd policy, debt policy and profitability on firm value. While, dividend policy was measured by Dividend Payout Ratio (DPR), debt policy was measured by Debt to Equity Ratio (DER) and profitability was measured by Return On Asset (ROA). The population was Food and Beverages Companies which were listed on Indonesia Stock Exchange during 2015-2019. Moreover, the data were in the form of annual report from Indonesia Stock Exchange official website. Furthermore, the line with, there were 7 companies as the sample, with total 35 data. Additionally, the research was correlational-quantitative. In addition, the data analysis technique used multiple linear regression with SPSS. The research result concluded that dividend policy had a negative effect on firm value. On the other hand, debt policy had a positive effect. Likewise, profitability had a positive effect on firm value.
Keywords: dividend policy, debt policy, profitability, firm value