PENGARUH KINERJA KEUANGAN, UKURAN PERUSAHAAN, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN MANUFAKTUR

  • Ni Kadek Murtini Universitas Mahasaraswati Denpasar
  • I Gede Cahyadi Putra Universitas Mahasaraswati Denpasar
  • Ida Ayu Ratih Manuari Universitas Mahasaraswati Denpasar
Keywords: firm value, financial performance, firm size, dividend policy

Abstract

A company is an organization established by a person or group of people or other bodies whose activities are to produce and distribute to meet the needs of the human economy. In the current era of globalization, the rapid development of the business world is accompanied by intense and competitive business competition. This causes the company to be able to improve its performance so that the targeted goals can be achieved. There fore the company must be able to increase the value of its company because this is an expectation for shareholders, with increasing company value indicating an increase in shareholder prosperity. This study aims to examine and analyze the effect of financial performance, company size, and dividend policy on the value of manufacturing companies listed on the Indonesia Stock Exchange. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. The sample in this study were 14 manufacturing companies with a total observation of 3 years so that the total study was 42 which were determined based on the purposive sampling method. The data analysis technique used to test the hypothesis is multiple linear regression analysis. Based on the research results, it is found that profitability, leverage, and dividend policy have a positive effect on firm value, while firm size has no effect on firm value. Based on this research, it is hoped that companies listed on the Indonesia Stock Exchange should publish complete company data in accordance with the rules in order to make it easier for researchers and stakeholders to obtain the required information.

Published
2021-02-28