THE EFFECT OF DIVIDEND POLICY, LEVERAGE, PROFITABILITY ON COMPANY VALUE

Abstract

This study aims to identify factors influencing company value in the MNC36 index.
Fluctuations in company value in the MNC36 index are of concern because technological
developments and increasing financial awareness have driven a surge in the number of new investors
in the Indonesian capital market, by analyzing the influence of dividend policy, leverage, and company
profitability. The research observations amounted to 35 companies with a sample of 7 MNC36 index
companies listed on the Indonesian Stock Exchange in 2019 - 2023 using purposive sampling
techniques. The method used in this study is panel data regression analysis with the Fixed Effect model
and processed using EViews 12 software. The results of this study indicate that the dividend policy
variable has a significant positive effect on company value, then the profitability variable has a
significant positive effect on company value and finally the leverage variable has a significant positive
effect on company value.