PENGARUH PROFITABILITAS, LIKUIDITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN MELALUI KEBIJAKAN DIVIDEN

Abstract

The company's value indicates the company's good performance. Maximizing the value of a company is the same
as maximizing the stock price and that is also what the owner of the company wants because a high value of the
company indicates high shareholder prosperity. The purpose of this study is to analyze the influence of
profitability, liquidity and leverage on company value through dividend policy. The population in this study is
automotive and component companies listed on the Indonesia Stock Exchange. The sampling technique in this
study uses purposive sampling, with a total of 9 companies. The analysis technique uses path analysis. The test
results show that Profitability has no effect on the company's dividend policy, Liquidity has no effect on the
dividend policy, Leverage has a significant negative effect on the dividend policy, Profitability has a significant
positive effect on the company's value, Liquidity has no effect on the company's value, Leverage has no effect on
the company's value, Dividend policy has a significant positive effect on the company's value, Policy Dividends
cannot mediate the influence between profitability, liquidity and leverage on the value of the company.