PENGARUH KEBIJAKAN DIVIDEN, STRUKTUR MODAL, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PERTAMBANGAN BATU BARA

Aleria Putri  Valentina; Tri  Yuniati; Suwitho Suwitho

Aleria Putri Valentina Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Tri Yuniati Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Suwitho Suwitho Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: dividend policy (DPR), capital structure (DER), firm size (SIZE), and firm value (PBV)

Abstract

This research examines the effect of dividend policy, capital structure, and firm size on the firm value of Coal Mining companies listed on the Indonesia Stock Exchange (IDX) during 2019-2023. The population consists of Coal Mining companies listed on IDX 2019-2023. Furthermore, the data collection technique used purposive sampling with 6 companies as the sample. All members of the population were taken homogenously. The research applies quantitatively with secondary data. The data were in the form of companies annual statements. Moreover, the data analysis technique used multiple linear regression with the SPSS 26 version. The result concludes that dividend policy has a positive but insignificant effect on the firm value of Coal Mining companies. However, capital structure has a positive and significant effect on the firm value of Coal Mining companies. In contrast, firm size has a negative and significant effect on the firm value of Coal Mining companies listed on IDX during 2019-2023.