PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PROPERTY AND REAL ESTATE DI BEI PERIODE 2013 – 2019

Abstract

This research aimed to analyze the effect of Capital Structure, Profitability and Dividend Policy as independent variables, on Firm Value which was a dependent variable. Capital Structure which was measured by Debt to Equity Ratio (DER), Profitability which was measured by Return On Equity (ROE), Dividend Policy which was measured by Dividend Payout Ratio (DPR), and Firm Value which was measured by Price to Book Value (PBV). The research was quantitative. Moreover, the population was 64 Property and Real Estate companies which were listed on Indonesia Stock Exchange during 2013-2019. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 7 companies as the sample. Additionally, the data analysis technique used multiple liniar regression with SPSS (Statistical Product and Service Solution) 23. The research result concluded that Capital Structure and Profitability had a positive and significant effect on Firm Value of Property and Real Estate companies which were listed on Indonesia Stock Exchange, On the other hand, Dividend Policy had a positive but insignificant effect on Firm Value of Property and Real Estate companies which were listed on Indonesia Stock Exchange.
Keywords : capital structure, profitability, dividend policy, firm value