PENGARUH PROFITABILITAS, LIKUIDITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BEI

Abstract

This research aimed to examine whether profitability, liquidity, and dividend policy affect firm value of Food and Beverages companies which were listed on Indonesia Stock Exchange during 2015-2019. The research was quantitative, which used secondary data in the form of financial statements. Moveover, the data collection technique used purposive sampling. Furthermore, the population was 29 Food and Beverages companies. In line with, there were 11 companies as the sample. Additionally, the data analysis technique used multiple linear regression with SPSS 20. According to the hypothesis testing, from data analysis results, it concluded that profitability which was referred to as Return On Asset had a positive and significant effect on firm value. On the other hand, liquidity which was referred to Current Ratio had a negative and significant effect on firm value. In contrast, dividend policy which was referred to as a Dividend Payout Ratio had a positive but insignificant effect on firm value.
Keyword: profitability, liquidity, dividend policy, firm value