THE EFFECT OF DEBT POLICY, DIVIDEND POLICY, AND PROFITABILITY ON MARK COMPANY FOOD AND BEVERAGE LISTED ON THE IDX FOR THE PERIOD 2019-2023
Keywords:
Debt Policy, Dividend Policy, Profitability, Firm Value
Abstract
This study aiming to analyze the effect of debt policy, dividend policy, and profitability on firm value in food and beverage sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019-2023 period. The research method used is quantitative with a multiple linear regression approach. Th e sample consisted of 17 companies with a total of 85 data observations selected using purposive sampling method. The results showed that partially, debt policy has a negative and significant effect on firm value, dividend policy has a positive and significant effect, and profitability has a positive and very significant effect on firm value. The R Square value of 0.453 indicates that 45.3% of the variation in firm value can be explained by these three variables. These findings indicate the importance of financial management in making strategic decisions to increase firm value, especially through wise debt management, consistent dividend policy, and increased profitability.References
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Andrew, N. O. , & Nahar, A. (2020). Analysis Influence Disclosure Corporate Social Responsibility Towards Company Value with Profitability as Moderating Variable (Empirical Study of Mining Companies Listed on the Indonesia Stock Exchange for the Period 2016-2019). Journal of Accounting Recognition , 4 (Nahdlatul Ulama Islamic University of Jepara), 117-130.
Anisa, N. , B., H., N., Ramli, A. , & Aslam, A. (2024). Analysis of the Influence of Dividend Policy and Debt Policy on Company Value (On Company Manufacturing Which registered in IDX Period 2017- 2022). JEMSI (Journal Economy, Management, And Accountancy), 10((1)), 381–391.
Cindy, M. T. , & Ardini, L. (2023). Influence Policy Dividend, Policy Debt and Profitability on Company Value. Indonesian College of Economics (STIESIA) Surabaya. Journal of Accounting Science and Research, 12((1)), 1–20.
Dear Anindya, K. N. , & Muzakir, M. F. A. (2023). Influence Policy Dividend on Firm Value in Manufacturing Companies in Indonesia. Journal of Business Applications, 20((1)), 357–366.
Fajriani, A. , Nurhayati, I., & Aminda, R. (2023). The Influence of Debt Policy and Policy Dividend to Mark Company ( Company Food and Beverages 2017-2021). Journal of Financial Accounting and Business, 01((02)), 176–184.
Ghozali, I. (2012). Multivariate Analysis Application with IBM SPSS Program . Diponegoro University.
Ghozali, I. (2016). Aplikasi analisis multivariete dengan program IBM SPSS 23 (pp. 45–46). Univ. Diponegoro Press.
Ghozali, I. (2018). Aplikasi Analisis Multivariete Dengan Program IBM SPSS (9th ed.).
Ghozali, I. (2019). Qualitative and Quantitative Research Design. . . Diponegoro University .
Harfani, A., & Nurdiansyah, D. (2021). The Influence of Liquidity, Solvency, and Profitability To Mark Company. Journal of Economic, Business and Accounting (COSTING) , 5((1)), 497–505.
Hartika, D., Norisanti, N., & Z, F. (2024). The Effect of Profitability, Investment Decisions, Funding Decisions, and Dividend Policy on Company Value in Real Estate and Property Companies Listed on the Indonesia Stock Exchange. . Journal of Business & Accounting, 14((1)), 281–290.
Hastiningsih. (2024). The Effect of Dividend Policy, Debt Policy and Profitability on Company Value. Scientific Journal of Research and Development Student , 2((1)), 184–198.
Lion, F., Cherry, I., Vanny, S. T., Rahmi, N. U., & Yulisfan, Y. (2024). Growth Influence Income, Policy Dividend, Policy Debt And Company Size Against the Value of Infrastructure Companies Listed on the IDX. : : Economics, Accounting, Management and Business , 7((2)), 309–317.
Meilawati, E., & Purnomo, L. (2024). The Influence of Tax Planning, Dividend Policy, And Management Profit Against Company Values. Journal of Management Accounting, Tax and Production, 2((2)), 826–839.
Nasution, M. (2020). The Effect of Debt Policy on the Value of Banking Companies Listed on the Indonesia Stock Exchange. Journal of Islamic Accounting Research , 2((1)), 1–16.
Puspitaningrum, A., & Hannah, S. (2024). Influence Size Company, Dividend Policy And Policy Debt to Mark Company (Studies Empirical At the Company Manufacturing Sector Consumer Non- Cyclicals Subsector Food & Drink in Exchange Effect Indonesia Year 2018 - 2022). Journal Economina , 3((3)), 180–196.
Rachmanila, Zaman, B., RW Nurdiwaty, D., Ekonomi, F., Nusantara, U., & Kediri, P. (2024). The Influence of Dividend Policy, Debt Policy, and Profitability to Mark Company Sector Food And Drink Listed on the Indonesia Stock Exchange (BEI) 2020-2023 PBV Value of Food and Beverage Companies 2020-2023 .
Saputra, R., Masril, M., & Safrizal, S. (2023). The Influence of Investment Decisions, Funding Decisions and Dividend Policy on Manufacturing Company Value Sub Sector Food And Drink Which Registered in Exchange Indonesia Effect Year 2019-2022. Goodwood Accountancy And Auditing Review, 1((2)), 153–163.
Sugiyono. (2019). Quantitative, Qualitative, and R&D Research Methods . CV. Alfabeta.
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