PENGARUH KEBIJAKAN DIVIDEN, LEVERAGE, DAN GROWTH OPPORTUNITY TERHADAP NILAI PERUSAHAAN

Abstract

The study was conducted to determine the role of Dividend Policy, Leverage and Growth Opportunity on Firm Value. The annual financial statements of manufacturing companies in the plastic and packaging sub-sector on the IDX for 2017-2021, as many as 14 companies are taken as the population. While the sample is 8 companies.Purposive sampling was used as a sampling technique. The secondary data source is obtained through the IDX's official website (www.idx.co.id). Documentation is used for data collection techniques. Data analysis through classical assumption test, multiple linear regression analysis, coefficient of determination (R²), f & t test. The results of the coefficient of determination (R²) show that dividend policy, leverage and growth opportunity affect the firm value by 33.4%. Meanwhile, 66.6% were influenced by factors that were excluded in this study. The results of the t-test showed that dividend policy had no effect on firm value and the value of sig. 0.016 > 0.05. Leverage has a value role of 0.000 < 0.05. Growth opportunity has no effect, the significance value is 0.913 > 0.05. The F test states that dividend policy, leverage and growth opportunity have a simultaneous effect on the firm value of sig. 0.000 < 0.05.