Pengaruh Struktur Modal, Kinerja Keuangan, dan Kebijakan Dividen terhadap Nilai Perusahaan (Studi pada Perusahaan Property and Real Estate yang terdaftar di Bursa Efek Indonesia Periode 2016-2020)

Abstract

Abstract

 

This study was conducted to determine the effect of Capital Structure, Financial Performance and Dividend Policy on Firm Value (a study of the Property and Real Estate sub-sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period). This study uses explanatory research with a quantitative approach. The population in this study were 65 property and real estate sub-sector companies listed on the Indonesia Stock Exchange for the 2016-2020 period. Determination of the sample based on purposive sampling method obtained a number of 7 companies. The analysis was carried out using secondary data and multiple linear regression analysis methods. The results of this study prove that: 1) capital structure proxied by Debt to Equity Ratio has a positive and significant effect on firm value, 2) Financial performance as proxied by Return on Equity has a positive and significant effect on firm value, 3) Dividend policy proxied by Dividend Yield has an insignificant negative effect on the value of the company.

 

Keywords: Capital Structure, Financial Performance, Dividend Policy, Firm Value.