PENGARUH KEBIJAKAN DIVIDEN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to examine the effect of dividend policy and profitability on firm value. Dividend policy is measured using dividend payout ratio, financial performance is measured using return on assets and return on equity, while firm value is measured using price book value. This type of research is quantitative research that uses secondary data in the form of financial reports. The population this study consists of basic and chemical industry sector companies. The technique used in sampling this study uses the saturated sample method based on the criteria determined by the researcher, so that 8 basic and chemical industry sector companies listed on the Indonesia Stock Exchange in 2020-2023 were obtained. The analysis method used is multiple linear regression with SPSS software version 26 to test the effect of dividend policy and profitability on firm value. The results of this study can be concluded that the dividend payout ratio value a positive effect on price book value, meaning the first hypothesis is accepted. Return on assets doesn’t have a positive effect on price book value, meaning the second hypothesis is rejected. Return on equity has a positive effect on price book value, meaning the third hypothesis is accepted.