PENGARUH LEVERAGE, PROFITABILITAS, KEBIJAKAN DIVIDEN, DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of leverage, profitability, dividend policy and firm size on firm value of manufacturing companies which were listed on Indonesia Stock Exchage (IDX) during 2015-2019. The research was quantitative. Moreover, the population was 176 manufacturing companies which were listed on Indonesia Stock Exchage during 2015-2019. Furthermore, the data collection technique used purposive sampling. In line with, there were 105 companies as the sample. Additionally, the data were secondary which in the form of financial statement and annual report. In addition, the data analysis technique used multiple linear regression. The research result concluded that leverage which was referred to DER had a positive effect on firm value. Likewise, profitability which was referred to ROA had a positive effect on firm value. Similary, dividend policy which was referred to DPR as well as firm size which was referred to Ln Assets had a positive effect on firm value.
Keywords: leverage, profitability, dividend policy, firm size, firm value