PENGARUH PROFITABILITAS, SOLVABILITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

Firm value is the most something valuable from company, so that the company must maintain and increases the firm value. Firm value is closely related to internal factors within a firm value. This research aimed to examine the effect of profitability, solvability and dividend policy on the firm value. While, profitability, solvability, and dividend policy were measured by return to asset, debt to equity ratio, and dividend payout ratio. The research was quantitative. Meanwhile, the data collection technique used purposive sampling, in which the sample was based on criteria given. For the population, there were 7 automotive companies which were listed on Indonesia Stock Exchange 2014-2018 as sample from 35 financial statement as its sample. In line with, the sample used was companies financial statements which had been audited and published by Indonesia stock Exchange. Moreover, the data analysis technique used multiple regression with SPPS version 20. The research results concluded return on asset had significant effect on the firm value. Furthermore, the debt to equity ratio had significant effect on the firm value. the dividend payout ratio had significant effect on the firm value.
Keywords: profitability, solvability, devidend policy, firm value