PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI, STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2019

  • Ni Putu Ayu Yuniastri Universitas Mahasaraswati Denpasar
  • I Dewa Made Endiana Universitas Mahasaraswati Denpasar
  • Putu Diah Kumalasari Universitas Mahasaraswati Denpasar
Keywords: Company Value Profitability, Dividend Policy, Investment Decision, Capital Structure, Company Size

Abstract

The value of the company is a form of achievement of the company that comes from public confidence in the company's performance after going through a long process of activities, namely since the company was founded until now. Increasing the value of the company then the welfare of the owners will also increase. This research aims to determine the effect of profitability, dividend policy, investment decisions, capital structure and size of the company on the value of the company on companies listed on the Indonesia Stock Exchange for the period 2017-2019.

The population of this study is a manufacturing company registered in IDX for the period 2017-2019. A sample of 24 manufacturing companies determined based on purposive sampling methods. The analysis tool used to test the hypothesis is multiple regression.

The results showed that profitability has no effect on the value of the company, the dividend policy has no effect on the value of the company, the investment policy positively affects the value of the company, the capital structure has no effect on the value of the company, and the size of the company negatively affects the value of the company. Further research can develop this research using other variables that in theory have an influence on the value of the company, such as investment opportunity set.

Published
2021-02-28