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

Abstract

This research ained to analyze the effect of profitability, liquidity, capital structure, ddividend policy, and company size on the firm value of banking companies listed on the Indonesia Stock Exchange 20116-2021. While the independent variable were profitability which proxy withReturn On Asset, liqiuidity which proxy with Current Ratio, the capital structure which proxy with Debt Equity Ratio, dividend policy which proxy with Dividend Payout Ratio and company’ss firm size which proxy with Ln Total Aset. Meanwhile, the dependent variable was the firm value which proxy with Tobin’s Q. The research was quantitative. Moreover, the data collection technique used purposive sampling with 60 samples from 0 banking companies listed on the Indonesia Stock Exchange. Furthemore, the data analysis technique used multiple liniear regressions with SPSS 26. The research result and hypothesis test concluded that both profitability (ROA) and dividend policy (DPR) had a significantly positive effect on the firm value. However, liquidity (CR) had an insignificantly negative effect on the firm value. In contrast, capital structure (DER) as well as firm size (Ln Total Asset), had an insignificantly positive effect on the firm value.