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Abstract

This research aims to empirically test the influence of profitability, liquidity, leverage, dividend policy and foreign ownership on firm value. The sample used in this research is manufacturing companies listed on the Indonesia Stock Exchange with a research period of 2018-2022. The sampling technique used a purposive sampling method with predetermined criteria there were 55 observations. The research results provide empirical evidence that leverage and foreign ownership have a positive and significant effect on firm value, while profitability, liquidity and dividend policy have no effect on firm value. This research provides implications for capital structure theory which states that the use of higher leverage will increase firm value and also provides implications for agency theory in explaining the relationship between foreign ownership and firm value and provides implications for signal theory in explaining the relationship between profitability and dividend policy on firm value.

Keywords

Profitability Liquidity Leverage Dividen Policy Foreign Ownership Firm Value

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Nadia, R., Midiastuty, P. P., Suranta, E., & Putra, D. A. (2023). The Effect of Profitability, Liquidity, Leverage, Dividend Policy and Foreign Ownership on Firm Value. Ilomata International Journal of Management, 4(4), 663-677. https://doi.org/10.52728/ijjm.v4i4.962

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