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PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN
This research aimed to examine the effect of financial performance and divident policy on company value. The financial performance was referred to Return On Asset (ROA), Current Ratio (CR), Debt to Equity Ratio (DER) and divident policy, which was referred to Divident Payout Ratio (DPR), on company value; wich was referred to Price to Book Value (PBV). The sampling collection technique used purposive sampling with LQ-45 company wich was stated in Indonesia Stock Exchange 2014-2017. While, based on the criteria, there were 18 companies in wich the data analysis technique used multiple regression linier with SPSS (Statistical Product and Service Solution) version 22. The research result concluded profitability had effect on company value as high profit gave positive signal to investor. While, solvability had effect on company value as good management of debts showed better company prospect in the future. Moreover, liquidity did not affect on company value since it had only related to the condition of company internal and investor did not consider company liquidity. In addition, divident policy did not affect on company value since the accepted divident was too small.
Keywords : Profitability, Liquidity, Solvability, Company Value.
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