Abstract :
The purpose of investors in investing is to get the return they expect. But
sometimes investors fail because they are not careful in analyzing a company.
Investors must be able to find a company that has good value so that there is no
failure in an investment. This study aims to analyze the effect partially and
simultaneously between dividend policy, debt policy and profitability on firm
value in manufacturing companies listed on the Indonesia Stock Exchange in
2014-2017. The selection of samples used in this study used a purposive sampling
method which resulted in a sample of 24 companies. The data analysis technique
used is the classical assumption test and hypothesis testing and multiple linear
regression analysis. The results of this study indicate that partially dividend
policy and profitability have a positive effect on firm value, while debt policy does
not affect on firm value. Simultaneously all the independent variables in this study
have an effect on the firm value of 36.1%, and the remaining 63.9% is explained
by other factors outside the research.
Keywords : Firm value, dividen policy, debt policy, profitability.