PENGARUH LIKUIDITAS, PROFITABILITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGES

Abstract

The current value of the company reflects on future earnings and market indicators in assessing the company as a whole. Company value can be regarded as investor perception to a company which can be seen from share price of company. This research aims to examine the influence of current ratio, return on assets, and dividend policies proxied by dividend payout ratio against the value of companies proxied by present book value in food and beverages companies recorded in Indonesia Stock Exchange at 2012-2016 period.The population in this research as many as 15 companies, obtained by using purposive sampling method on food and beverages companies which is listed in the Indonesia Stock Exchange period 2012-2016. Based on the criteria that have been determined then obtained a sample of 12 companies. The analysis method used is multiple linear regression analysis with using SPSS application tools (Statistical Product and Service Solution) version 20. The results showed that the variable current ratio and return on assets have a significant influence on firm value while dividend policy has no significant influence on firm value.
Keywords: current ratio, return on assets, dividend policy, corporate value.