The Influence of Dividend Policy, Debt Policy, and Profitability on the Firm Value of Banking Companies Listed on the Indonesia Stock Exchange from 2019 to 2022

Sarah Aulia Rahim (), Imas Purnamasari and Maya Sari
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Sarah Aulia Rahim: Universitas Pendidikan Indonesia
Imas Purnamasari: Universitas Pendidikan Indonesia
Maya Sari: Universitas Pendidikan Indonesia

A chapter in Proceedings of the 9th Global Conference on Business, Management and Entrepreneurship (GCBME 2024), 2025, pp 248-256 from Springer

Abstract: Abstract This research aims to investigate the influence of dividend policy, debt policy, and profitability on the firm value of banking companies listed on the Indonesia Stock Exchange from 2019 to 2022. The research object consists of 12 banking companies listed on the Indonesia Stock Exchange. The analysis method employed is multiple linear regression with tests for normality, heteroscedasticity, autocorrelation, and t-test. The findings indicate that dividend policy has a significant positive effect on firm value, whereas debt policy does not have a considerable effect. Additionally, profitability has a significant positive influence on firm value. In conclusion, dividend policy and profitability play substantial roles in determining the firm value of banking companies.

Keywords: Dividend policy; Debt policy; Profitability; The value of the company (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-817-2_31

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DOI: 10.2991/978-94-6463-817-2_31

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