PENGARUH PERTUMBUHAN ASET, PROFITABILITAS, KEPEMILIKAN INSTITUSIONAL, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

Firm value is the investor's perception of the company's success rate which is often associated with stock prices. This study aims to test and obtain empirical evidence of the effect of asset growth, profitability, institutional ownership and dividend policy on firm value in manufacturing companies listed on the Indonesia Stock Exchange 2017-2019.

The population in this study are manufacturing companies listed on the Indonesia Stock Exchange (BEI) 2017-2019. The sample in this study were 44 in manufacturing companies which were determined based on the purposive sampling method. Data were analyzed using multiple linear regression analysis.

The results showed that the profitability variable had a positive effect on the value of manufacturing companies and institutional ownership had a negative effect on the value of manufacturing companies, meanwhile, asset growth and dividend policy have no effect on the value of manufacturing companies. In further research it is suggested to add other variables that affect firm value, such as liquidity, company size, leverage, and earnings quality.