PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PERBANKAN di BEI PERIODE 2013 – 2017

Abstract

This research aimed to examime the dividend policy which was referred to Dividend Payout Ratio (DPR), profitability which was referred to Return On Asset (ROA), and solvability which ws reffered to Debt to Asset Ratio (DAR) on the firm value which was reffered to Price to Book Value (PBV), through financial statement of banking companies which were listed on Indonesia Stock Exchange. The research was quantitative. While, the data collection technique used purposive sampling. In line with, there were 23 banking companies which were listed on Indonesia Stock Exchange in 5 years (2013-2017), as sample. More over, the data analysis technique used multiple linear regression. The research result concluded the dividend policy (DPR) had negative but significant effect on the firm value. On the other hand, profitability (ROA) as well as solvability (DAR) had positive and significant effect on the firm value.
Keywords: dividend polciy, profitabilitas, solvabilitas, firm value.