Analysis of the Influence of Ownership Structure, Company Growth, Dividend Policy, and Profitability on Firm Value (Empirical Study of Food and Beverage Subsector Manufacturing Companies Listed on the Indonesia Stock Exchange from 2017 to 2021)
1Yokthan Abelius Samuel, 2Sri Werdiningsih,3Dyah Ani Pangastuti,4Ambar Woro Hastuti
1,2,3,4University of Merdeka Malang, Indonesia
https://doi.org/10.47191/jefms/v6-i7-31ABSTRACT:
The managers of a company (managers) around the world in the world's tightest economic competition are now required to consistently and sustainably increase the value of the company, because increasing the value of the company will have an influence on investors' opinions of the company. On this basis, this study aims to prove empirically whether the value of the company is influenced by factors that have been determined by the researcher, namely ownership structure, company growth, dividend policy, and profitability in food and beverages sub-sector companies listed on the Indonesian stock exchange in the range 2017-2021 time. The sampling method used in this research is the purposive sampling method which produces a total of 55 samples and the data samples undergo transformation and outliers so that the remaining 42 valid data samples are used. Data were analyzed using multiple regression techniques. The results of this study indicate that ownership structure, company growth, and dividend policy have no effect on firm value while profitability has a significant effect on firm value.
KEYWORDS:
Ownership Structure, Company Growth, Dividend Policy, Profitability, and Firm Value.
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