PENGARUH PROFITABILITAS, KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

In investing activities, firm value is one of the basic consider for investors before choosing the shares to buy later. A company with a good value will automatically be the attention for any investors to invest their funds. This is because in the view of investors, companies with good firm values promise the prosperity of their shareholders, and this is what attracts investors to invest. This research aims to examine the effect of profitability (ROA), investment decision (PER), financing decision (DER), and dividend policy (DPR) on firm value (PBV). This study used secondary data of annual reports from companies whose shares are included in the LQ-45 index category in 2018−2019. The population used by 56 companies, using purposive sampling technique so that it can be obtain 48 samples from 24 companies that have been established. This research used quantitative method with Partial Least Square (PLS) analysis method with the help SmartPLS 3.0 software. The results of the research show that profitability (ROA), investment decision (PER), and financing decision (DER) has a significant effect on firm value (PBV). While dividend policy (DPR) has no significant effect on firm value (PBV).