Pengaruh Profitabilitas, Likuiditas, Kebijakan Deviden dan Pertumbuhan Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2017-2019

Abstract

This study aims to determine how the effect of profitability, liquidity, dividend policy and company growth on firm value in manufacturing companies listed on the Indonesia Stock Exchange in 2017- 2019. This study uses quantitative methods. The population in this study were 182 companies. The sampling technique used was purposive sampling technique, so that the samples obtained were 34 companies that met the criteria during 2017-2019. Data analysis used multiple linear regression analysis. The results in this study conclude that: High profitability reflects good company performance for the future so that investors are interested in investing. In this study, profitability as a proxy for return on equity has an effect on firm value. Investors not only see a high level of liquidity but investors also see the condition of the investment environment because high liquidity is considered not good. In this study, liquidity is proxied by the current ratio has no effect on firm value. The size of the dividend policy can attract investors to invest. In this study, dividend policy is proxied by dividend payout ratio, which affects firm value. The high increase in assets owned by the company from the assets of the previous year will lead to better company value. In research, company growth is proxied by asset growth, which affects the value of the company.