PENGARUH LEVERAGE, KEBIJAKAN DIVIDEN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN
Main Article Content
Abstract
This study aims to determine the effect of leverage, dividend policy, and firm size on firm value in manufacturing companies listed on the Indonesian stock exchange during 2018-2020. The sample was selected using purposive sampling method and 39 companies valid data. The data processing technique uses multiple regression analysis assisted by the Eviews 12 SV Lite program and Microsoft Excel 2010. The results of this study indicate that leverage and dividend policy do not have a significant effect on firm value while firm size has a significant effect on firm value. Leverage has no effect on firm value because companies tend to fund their assets with their own capital. Dividend policy has no significant effect on firm value because most investors do not see how much dividends distributed by the company to shareholders. Firm size has a negative and significant effect on firm value, which means The bigger the company, the lower the value of the company.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Dewi, I., & Sudirgo, T. (2021). Pengaruh kepemilikan institusional, kepemilikan manajerial, leverage dan ukuran perusahaan terhadap nilai perusahaan. III(3), 966–974.
Howard, K., & Santioso, L. (2022). Howard dan Santioso: Pengaruh Rasio Keuangan Terhadap Kondisi Financial ... IV(1), 273–282.
Prima, S., & Silvia. (2022). Silvia * dan Dewi: Pengaruh Profitabilitas, Leverage... IV(1), 310–317.
Stevanio, L., & Ekadjaja, A. (2021). Pengaruh Profitabilitas Likuiditas dan Ukuran Perusahaan terhadap Nilai Perusahaan. Jurnal Syntax Transformation, 2(3), 298–306. https://doi.org/10.46799/jst.v2i3.233
Felicia, H., & Dewi, S. (2021). Pengaruh Profitabilitas Likuiditas dan Ukuran Perusahaan terhadap Nilai Perusahaan. Jurnal Syntax Transformation, 2(3), 298–306. https://doi.org/10.46799/jst.v2i3.233
Fransisca, F., & Sudirgo, T. (2020). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal Paradigma Akuntansi, 3(2), 766. https://doi.org/10.24912/jpa.v3i2.11798
Wijaya, C., & Sudirgo, T. (2019). Fenomena Faktor yang Mempengaruhi Nilai Perusahaan. Jurnal Ilmiah Akuntansi Dan Bisnis, III(2), 208. https://doi.org/10.24843/jiab.2019.v14.i02.p06
Oentoro, R., & Susanto, L. (2018). Pengaruh Profitabilitas, Struktur Modal, Likuiditas Dan Ukuran. Jurnal Bingkai Ekonomi, 3(2), 34–44. https://itbsemarang.ac.id/sijies/index.php/jbe33/article/view/58
Tandiawan, N., & Jonnardi. (2019). Pengaruh Likuiditas, Profitabilitas, Struktur Modal, Dan Suku Bunga Terhadap Nilai Perusahaan. Jurnal Muara Ilmu Ekonomi Dan Bisnis, 2(2), 377. https://doi.org/10.24912/jmieb.v2i2.1562
Kumoro, Y., & Susanti, M. (2021). Kumoro dan Susanti: Analisis Faktor-Faktor Yang Mempengaruhi Nilai Jurnal Multiparadigma ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA SEKTOR PERUSAHAAN NON-KEUANGAN. III(4), 1428–1437.
Jessica., & Rasyid, R. (2021). Pengaruh Leverage, Ukuran Perusahaan, Likuiditas, Kebijakan Dividen & Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 3(1), 366. https://doi.org/10.24912/jpa.v3i1.11662