PENGARUH PROFITABILITAS DAN TINGKAT LIKUIDITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DEVIDEN SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan Manufaktur Di Bursa Efek Indonesia Periode 2013 – 2017)

Abstract

The company has a problem where the dividend policy is high and has an impact on the low value of the company. The purpose of this study is to analyze and prove empirically the profitability and dividend policy on the value of the company. The population in this study were 140 manufacturing companies listed on the Indonesia Stock Exchange and the number of samples that fit the criteria were 20 companies. The data analysis technique in this study is Multiple Linear Regression. Based on the results of the profitability analysis statistically significant positive effect on company value policy. While the variable liquidity is statistically significant positive effect on firm value and dividend policy statistically has no significant effect on firm value.
keywords : Profitability, Liquidity Level, Dividend Policy and Value Company.