The Effect Of Return On Equity, Return On Asset and Devident Policy On Company Value (Empirical Study On Pharmaceutical Sector Companies Registered In Indonesia Stock Exchange 2015-2019)
Abstract
This study aims to analyze the effect of return on equity (ROE), return on asset (ROA), and dividend policy on firm value. The object in this study is a company listed on the IDX in the 2015-2019 period. The sample was taken using purposive sampling method. The research data were analyzed using multiple linear regression analysis. The result showed three important findings; (1) return on equity (ROE) has a positive and significant effect on firm value, (2) return on asset (ROA) has no effect on firm value,and (3) dividend policy has no effect on firm value.
Keywords; return on equity (ROE), return on assets (ROA), dividend policy, firm value.
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