PENGARUH STRUKTUR MODAL, KEBIJAKAN DIVIDEN, PROFITABILITAS, DAN INVESTMENT OPPORTUNITY SET TERHADAP NILAI PERUSAHAAN

Abstract

Firm value can be considered a picture of a company’s total assets, which shows its stock price. The higher the stock price level is, the higher the firm value, which shows the company's prospects will be in the future. This research examines the effect of capital structure, dividend policy, profitability, and investment opportunity set on firm value. The population consists of LQ45 companies listed on the Indonesian Stock Exchange (IDX). Furthermore, the data collection technique used was purposive sampling, in which the sample was based on the criteria given. In line with that, 18 companies with 4 years of observations (2020-2023) were taken as samples. There were 72 data samples in total. Moreover, the data analysis technique used was multiple linear regression with SPSS 25 version. The result shows that capital structure, profitability, and investment opportunity set have a positive and significant effect on firm value. On the other hand, dividend policy does not affect firm value.