PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of capital structure, profitability, and devidend policy on the form value. While, the capital structure, profitability, and devidend policy were measured by using debt to equity ratio, return to asset and, devidend payout ratio. The research was quantitative. Moreover, the sampling collection technique used purposive sampling in which the criteria had been considered. According to the sampling, there were eight foods and baverages companies which weere listed on Indonesia Stock Exchange 2014-2017 as sample from 32 companies financial reports. While, the sample was companies financial reports which had been audited and published by Indonesia stock Exchange. In addition, the data analysis technique used multiple regression with SPPS version 20. The research results concluded the debt to equity ratio had positve effect on the firm value. Furthermore, the return on asset had positive effect on the firm value. On the other hand, the devidend payout ratio had negative effect on the firm value.
Keywords: capital structure, profitability, devidend policy, firm value