The Effect of Profitability, Firm Size, Dividend Policy, and Investment Decision on Firm Value
DOI:
https://doi.org/10.51289/peta.v8i1.636Keywords:
Dividend Policy, Firm Size, Firm Value, Investment Decision, ProfitabilityAbstract
Abstract. The Effect of Profitability, Firm Size, Dividend Policy, and Investment Decision on Firm Value. The purpose of this research is to test whether profitability, firm size, dividend policy and investment decisions affect firm value. Firm value describes market confidence in the company's performance and can be reflected through stock prices. This study uses firm value as the dependent variable while the independent variables used are profitability, firm size, dividend policy and investment decisions. This research is quantitative by using secondary data. The research population used is manufacturing companies that have been listed on the Indonesia Stock Exchange in 2016-2018. Determination of the sample using purposive sampling method. The total data used is 146 data. The research method is multiple regression analysis using SPSS. The results of this study indicate that profitability, firm size and investment decisions affect firm value. The higher the value of profitability, company size and investment decisions will increase the value of the company. Meanwhile, dividend policy does not affect firm value.
Keywords: Dividend Policy, Firm Size, Firm Value, Investment Decision, Profitability.
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