PENGARUH KEBIJAKAN DIVIDEN, LEVERAGE, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research examines the effect of dividend policy, leverage, and profitability on the firm value. The dividend policy was measured by Dividend Payout Ratio (DPR), Leverage was measured by Debt to Equity Ratio (DER), and profitability was measured by Return On Assets (ROA). Meanwhile, firm value was measured by Price Book Value (PBV). The research applies quantitatively. Furthermore, the population consists of Banking sector companies listed on the Indonesia Stock Exchange (IDX). The data collection technique used a purposive sampling method, i.e., a sample selection with specified criteria. In line with that, 13 Banking sector companies were taken as samples during 2021-2023, with 39 observation data in total. Moreover, the data analysis technique used multiple linear regression with SPSS 21 version. The result shows that dividend policy has a positive effect firm value. However, leverage has no effect on firm value. On the other hand, profitability has a positive impact on firm value. In addition, this research is expected to support theacademics and business practitioners regarding the effect of dividend policy, leverage, and profitability on the firm value.