The Effect of Financial Performance, Dividend Policy, Managerial Ownership, and Company Size on Company Value (Empirical Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2019-2023)
DOI:
https://doi.org/10.30595/pssh.v26i.1808Keywords:
Financial Performance, Dividend Policy, Managerial Ownership, Company Size, Company ValueAbstract
This study aims to determine the effect of financial performance, dividend policy, managerial ownership, and company size on company value. This study uses quantitative research methods. The population of this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2019-2023. The research sample amounted to 95 obtained from 19 companies selected based on certain criteria using a purposive sampling method with a five-year observation period. The research data used is secondary data in the form of the company's annual financial reports. The data analysis technique used is Multiple Linear Regression using the SPSS 26 program. The results of the study indicate that financial performance has an effect on company value, as seen from the Sig. value of 0.000. Dividend policy has an effect on company value, as seen from the Sig. value of 0.014. Managerial ownership has no effect on company value, as seen from the Sig. value of 0.118. Company size has no effect on company value, as seen from the Sig. value of 0.447. Simultaneously, financial performance, dividend policy, managerial ownership, and company size have an effect on company value, as seen from the Sig. value of 0.000.
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