PENGARUH PROFITABILITAS, LIKUIDITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN SUBSEKTOR TELEKOMUNIKASI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to determine and analyze te effect of profitability, liquidity, and dividend policy on the farm value. The research applies quantitatively. Furthermore, the population consists of Telecommunication companies listed on te IDX during 2019-2023.The data collection technique used purposive sampling technique i.e. a sample collection with determined criteria. In line wit that, 8 companies in the telecommunication sub sector were selected as samples. Moreover, the data were secondary, in which taken from the company’s financial statement for 5 years from 2019-2023. Therefore, there were 40 processed data. The data analysis technique used multiple linear regression with SPSS 26 version. The hypothesis test result (t-test) indicates that profitability (return on asset) has a positive and significant effect on the firm value at the Telecommunication companies. However, liquidity (current ratio) and dividend policy (dividend payout ratio) have a negative and significant effect on the firm value at te Telecommunication companies. Additionally, the determination coeffcient test result (R-square) was 54%. This means, profitability (return on asset), liquidity (current ratio), and dividend policy (dividend payout ratio) are able te explain the firm value, and the test was 46% was explained by the other variables.