THE EFFECT OF PROFITABILITY, DIVIDEND POLICY, AND DEBT POLICY ON COMPANY VALUE (CASE STUDY ON CONSUMER GOODS INDUSTRY SECTOR COMPANIES ON IDX 2018-2020)

Abstract

This study aims to determine the effect of profitability, dividend policy and debt policy on firm value. This research was conducted with quantitative research methods with the type of approach used is an associative approach. The data used is secondary data in the form of financial reports from IDX publications. Methods of data collection using documentation and literature study. Samples were taken using the purpose sampling method. The population in this study are all manufacturing companies that are still listed on the IDX in 2018-2020. From a population of 72 manufacturing companies, 24 manufacturing companies were obtained as samples with a 3 year period (2018-2020). The data were analyzed using multiple regression analysis with the help of SPSS version 26 program. The results of this study indicate that profitability has a significant positive effect on firm value, while dividend and debt policies have no effect on firm value. The implication of this research is that investors in investing should be more careful in paying attention to the company's performance.