PENGARUH LEVERAGE, PROFITABILITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to observe the effect of leverage, profitability, and dividend policy on the firm value. Furthermore, the population consists of Go Public companies with the A1 -Oils Gas & Coal subsector listed on the Indonesia Stock Exchange (IDX) during 2022-2023. The research applies quantitatively. Moreover, the data analysis technique used multiple linear regression. Moreover, leverage was measured by Debt to Equity Ratio, profitability was measured by Return On Asset (ROA, and dividend policy was measured by the Dividend Payout Ratio (DPR). Additionally, the firm value was measured by Price to Book Value (PBV). There were 67 companies taken as samples during 2022-2023. Therefore, 123 data samples in total were processed. In addition, the data collection technique used a purposive sampling. The result indicates that leverage has a positive effect on the firm value. On the other hand, profitability has a negative and significant effect on the firm value. Meanwhile, dividend policy does not affect the firm value.