PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BEI

Abstract

The increase of Indonesia's economy on Food and Beverages sectors is notonly focussed on export activities, but also investment activities. Moreover, as firmvalue can describe companies’ performance, the value becomes very important within investment. This research aimed to find out the effect of dividend policy, profitability, and firm size on firm value of Food and Beverages companies which were listed on Indonesia Stock Exchange during 2017-2020. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. Additionally, the population was 27 Food and Beverages companies. In linewith that, there were 11 companies as a research sample. In addition, the data analysis technique used multiple linear regression with Statistical Product for SocialScience (SPSS) 23. The research result concluded that dividend policy and also profitability hada significant effect on the firm value of Food and Beverages companies. On the other hand, firm size had an insignificant effect on the firm value of Food and Beverages companies.
Keywords: dividend policy, profitability, firm size, firm value