PENGARUH TATA KELOLA PERUSAHAAN, PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research ained to examite the effect of company governance, profitability and dividend policy on the firm value. The company governance was measured by institusional ownership, managerial ownership, audit committee, and independent commissionaire, profitability was measured by return on equity (ROE) and dividend policy was measured by dividend per stock (DPS) on the firm value (PBV). The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 114 samples from 19 food and beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2016-2021. Furthermore, the data analysis technique used multiple linear reggression. Based on the result of model feasibility test, it shows that the regressions models which have been generated is feasible and it can be used for further analysis. The research result showed that institutional ownership had a positive effect on the firm value. However, managerial ownership did not affect the firm value. Likewise, audit committee did not affect the firm value. On the other hand, independent commissionaire had a positive effect on the firm value. Similarly, profitability had a positive effect on the firm value. Likely, dividend policy had a positive effect on the firm value.