ANALISIS PENGARUH PROFITABILITAS, PERTUMBUHAN PENJUALAN, KEBIJAKAN DEVIDEN, DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN (Studi pada Perusahaan Manufaktur yang terdaftar di BEI tahun 2010-2014)

Abstract

The main purpose of the company is to maximize wealth or firm value. Maximizing the firm value also means maximizing shareholder wealth. Indicators that used to measuring the firm value is Price to Book Value (PBV). This researce aims to analyze and provide empirical evidence realated to the effect of profitability (ROA), sales growth, dividend policy (DPR), and debt policy (DER) to firm value (PBV). This study at the companies listed on the Indonesian Stock Exchange (BEI) 2010-2014. This study used secondary data from the financial statements of companies listed on the Indonesian Stock Exchange (BEI) 2010-2014. Sampling was done by purposive sampling method, the number of samples used by 50 companies. The analytical method used in this research is multiple linear regression method. The results showed that the profitability (ROA) and the dividend policy (DPR) significant positive effect on firm value (PBV). Variable sales growth and debt policy (DER) is not significant positive effect on firm value (PBV).