PENGARUH STRUKTUR MODAL, PROFITABILITAS, UKURAN PERUSAHAAN, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of capital structure, profitability, firm size, and dividend policy on firm value. The capital structure was measured by Debt to Equity Ratio (DER), Return on Asset (ROA) was measured by profitability, firm size was measured by Ln Total Asset (SIZE), and dividend policy was measured by Dividend Payout Ratio (DPR). The research was quantitative. Moreover, the population was Food and Beverage companies listed on Indonesia Stock Exchange (IDX) during 2019-202. Furthermore, the data collection technique used purposive sampling; in which the sample was based on the criteria given. In line with that, there were 18 companies during 3 years as the sample. Therefore, the total data were 54. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The result showed that capital structure had an insignificant effect on firm value. On the other hand, profitability had a significantly positive effect on firm value. However, firm size had an insignificant effect on firm value. Likewise, dividend policy had an insignificant effect on firm value.