Pengaruh Kebijakan Dividen dan Kebijakan Hutang Terhadap Nilai Perusahaan Yang Terdaftar Pada Jakarta Islamic Index

Abstract

This study aims to determine the effect of dividend policy and debt policy on the value of companies listed on the Jakarta Islamic Index. The method used is a quantitative method. The population of this study are companies that are included in the Jakarta Islamic Index in 2016-2020. The sample in this study were 9 companies, which were taken using purposive sampling. The data source used is secondary data. The research data analysis technique used was descriptive statistics, classical assumption test, multiple linear regression analysis, correlation test, coefficient of determination analysis and hypothesis testing. The coefficient of determination of 0.398 indicates that the value of the company is influenced by dividend policy and debt policy of 39.8%, then the remaining 60.2% is influenced by other variables. The results of the hypothesis test conclude that simultaneously dividend policy and debt policy have a significant effect on firm value, partially dividend policy has a significant effect on firm value and debt policy has a significant effect on firm value listed on the Jakarta Islamic Index.