PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR DI BEI

Abstract

The research aimed to examine the effect of Dividend Payout Ratio (DPR), Return on Assets (ROA), and Debt Equity Ratio (DER) on the firm Value of Manufacturing companies which were listed on Indonesia Stock Exchange (IDX). The research was quantitative. While, the data collection technique used Purposive Sampling, in which the sample was collected based on criteri given. In line with, there were 10 out of 151 manufacturing companies wich were listed on Indonesia Stock Exchange 2013-2017 as sample. Moreover, the data analysis technique used SPSS 20. The research concluded the Dividend Payout Ratio (DPR) had positive but insignificant effect on the firm value of manufacturing companies which were listed on Indonesia stock exchange. Furthermore, Return on Asset (ROA) had positive but insignificant effect on the firm value on manufacturing companies which were listed on Indonesia stock Exchange. On the other hand, the Debt Equity Ratio (DER) had positive and significant effect on the firm value value.

Keywords: DPR, ROA, DER, firm value