PENGARUH EFEKTIVITAS KEPUTUSAN INVESTASI, MANAJEMEN AKTIVA, STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN (Studi Pada Perusahaan-perusahaan Sektor Barang Konsumsi Primer Sub Sektor Makanan Dan Minuman di Bursa Efek Indonesia Tahun 2015-20

Sari

This study aims to determine the effect of ROA, TATO, DAR, and DPR on firm value. The method used is Panel Data Regression with the research population in manufacturing companies in the Primary Consumer Goods Industry Sector, Food and Beverage Sub-sector, which are listed on the Indonesia Stock Exchange. The sample of this study consisted of twelve companies taken using a purposive judgment sampling technique and the data used in this study were obtained from the financial statements of companies listed on the IDX for the 2015-2019 period. The results showed that simultaneously Return On Assets, Total Assets Turnover, Debt to Assets Ratio and Dividend Pay-out Ratio had a significant effect on firm value as proxied by Price to Book Value. Partially Return On Assets have a positive and significant effect on firm value while Total Assets Turnover, Debt to Assets Ratio and Dividend Pay-out Ratio have no significant effect on firm value.