Abstract
Abstract
 This study aims to determine whether there is a direct influence on investment decisions, dividend policy, capital structure on firm value as well as direct influence on investment decisions, dividend policy, structure capital to firm value through profitability (ROE) in food and beverage sub-sector companies listed on the IDX in 2015-2019. The population characteristics in this study are companies listed on the Indonesia Stock Exchange for the food and beverage sub-sector in 2015-2019. The sample collection technique used is purposive sampling technique and obtained by many as 13 companies as research samples. The data analysis method used is descriptive analysis, multiple linear regression and then expanded using path analysis. 
 Based on the results of the study, it is stated that the price earnings ratio, dividend payout ratio and debt to equity ratio have an effect on return on equity. The variable return on equity has an effect on price to book value, then the price earnings ratio, dividend payout ratio, debt to equity ratio has no effect on price to book value and the variable price earnings ratio, dividend payout ratio, debt to equity ratio, return on equity simultaneously affect the price to book value
 Keywords: capital structure, dividend policy, firm value, investment decisions, profitability
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