PENGARUH KEBIJAKAN DIVIDEN, LIKUIDITAS, DAN SOLVABILITAS TERHADAP NILAI PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2015-2019

Abstract

This research aims to test and to study the impact of the dividend policy, the liquidity, and the solvability toward the firm value of the banking companies which are registered in Indonesia’s Stock Exchange during 2015-2019. The type of this study is quantitative. The population of the study are 43 banking companies fro Indonesia’s Stock Exchange. The samples are collected by the purposive sampling method and it collects 10 samples from the banking sector by considering some criteria. The data analysis applies the multiple linier regression with SPSS version 25. Based on the result of the feasibility model test (F test) it concludes that all the independent variables in this study are appropriate to be utilized. The result of the partial test (t test) shows that the dividend policy which is measured by the Dividend Payout Ratio (DPR) gives positive and insignificant impacts to the firm value, while the liquidity which is measured by the Loan to Asset Ratio (LAR) gives negative and significant impacts to the firm value, and the solvability is measured by the Debt to Equity Ratio (DER) gives positive and significant impacts to the firm value of the banking companies which are registered Indonesia’s Stock Exchange in 2015-2019.
Keywords: dividend payout ratio (DPR), loan to asset ratio (LAR), debt to equity ratio (DER), firm value.