PENGARUH SIZE, PROFITABILITAS, STRUKTUR MODAL, KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to determine the effect of size, profitability, capital structure, dividend policy, and investment decision on the firm value. Furthermore, this research used manufacturing companies listed on Indonesia Stock Exchange (IDX) in 2015-2019. Moreover, the sample selection used the purposive sampling method; therefore, it obtained 33 companies according to certain criteria. Meanwhile, this research used a quantitative method with secondary data in annual statements and financial statements. The data analysis method of this research used multiple linear regression with the instruments of SPSS (Statistical Procuct and Service Solutions). Additionally, the fim value of this research was measured by Tobin's Q ratio. The result of this research showed that size did not have any effect on the firm value. Profitability (ROA) had a positive effect on the fim value. In contrast, capital structure (DER) had a positive effect on the fim value, dividend policy (DPR) had a positive effect on the fim value, and investment decision on the fim value and investment decision (CAP/BVA) had a positive effect on firm value.
Keywords: size, profitability, capital structure, dividend policy, investment decision