PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN SEKTOR PERBANKAN ASEAN

Kafita Dhea Ariyana, Liliek Nur Sulistyowati, Diyah Santi Hariyani

Abstract


The purpose of this study is to investigate the influence of profitability, dividend policy, and leverage on the value of banking companies in the ASEAN sector. Profitability is proxied by return on assets (ROA), dividend policy is proxied by dividend payout ratio (DPR), leverage is proxied by debt to equity ratio (DER), and company value. The research employs a quantitative approach, and secondary data is processed using SPSS 25. The study focuses on 38 banking companies from ASEAN countries listed on their respective stock exchanges from 2020 to 2022, including Indonesia, Malaysia, Singapore, Thailand, the Philippines, Vietnam, and Cambodia. Purposive sampling method is used, resulting in a sample size of 234. The findings indicate that: (1) profitability (ROA) has a positive and significant effect on company value, (2) dividend policy (DPR) does not have a significant effect on company value, (3) leverage (DER) has a positive and significant effect on company value.

Keywords: Profitability, Dividend Policy, Leverage, Company Value


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