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

Abstract

This study aims to test the Price to Earning Ratio, the Debt to Equity Ratio, and the Divident Payout Ratio toward the Price to Book Value in companies which are registered in LQ-45 index of Indonesia Stock Exchange in 2017-2019. The type of this study is quantitative. The population of this study are 45 companies of LQ-45 index which are registered in Indonesia Atock Exchange in 2017-2019. This study applies the metode purposive sampling for observing the samples is 3 years, so there are 75 samples data. Since there are 14 observing data outlier, so the final the mutiple linear regression. The result of this analysis shows that the investment decision which is proxied by the Price Earning Ratio (PER) and the divident policy which is proxied by the Dividend Payout Ratio (DPR) give positive impact to the firm value. On the other hand, the debt policy which is proxied by the Debt to Equity Ratio (DER) does not impact the firm value.
Keyword: the investment decision, the debt policy, the divident policy, and the firm value