Open AccessThe Effect Of Leverage, Profitability, And Dividend Policy On Firm Value
Author(s) -
Diah Ragil Saputri,
Syaiful Bahri
Publication year - 2021
Publication title -
international journal of educational research and social sciences
Language(s) - English
Resource type - Journals
ISSN - 2774-5406
DOI - 10.51601/ijersc.v2i6.223
Subject(s) - dividend policy , stock exchange , enterprise value , leverage (statistics) , debt to equity ratio , profitability index , dividend payout ratio , business , return on equity , real estate , dividend , dividend yield , market value added , equity value , population , return on assets , financial economics , economics , debt , nonprobability sampling , accounting , finance , statistics , mathematics , demography , sociology , debt levels and flows , external debt
This study aims to examine the effect of leverage, profitability, and dividend policy variables on firm value in property and real estate companies listed on the Indonesia Stock Exchange for the 2018-2020 period. This type of research is causal associative. The research population is 64 companies. The sample was determined by purposive sampling technique as many as 11 companies. Data analysis used multiple linear regression analysis. The test results show that leverage as proxied by debt to equity ratio (DER) has no significant effect on firm value, profitability proxied by return on equity (ROE) has a significant effect on firm value, and dividend policy proxied by dividend payout ratio (DPR) has no significant effect on the value of the company. Investors pay more attention to the company's ability to earn profits and its management.