Pengaruh struktur modal, kebijakan dividen, profitabilitas, dan mekanisme corporate governance terhadap nilai perusahaan

Abstract

Manufacturing industry companies, especially in the food and beverage sector in Indonesia, are growing day by day, this can be seen from the increasing number of food and beverage companies on the Indonesia Stock Exchange. This study aims to examine and analyze the effect of capital structure, dividend policy, profitability, and corporate governance mechanisms on firm value. The data used in this study are quantitative and secondary data obtained from the annual report. The population that is the object of this research is the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period. The sampling technique used was purposive sampling technique and the number of samples that met the research criteria were 10 companies that carried out further research. The data analysis technique used was multiple linear regression analysis which was obtained using the SPSS version 21 program. Based on the results of research and testing analysis, it can be concluded that capital structure and profitability have an effect on firm value, while institutional ownership and corporate governance mechanisms have no effect on firm value.