THE INFLUENCE OF COMPANY SIZE, DIVIDEND POLICY, AND PROFITABILITY ON COMPANY VALUE IN LQ45 COMPANIES IN 2020–2024

Abstract

This study aims to determine the factors that significantly influence company value in
LQ45 companies on the Indonesia Stock Exchange in 2020-2024. The objects in this
study are LQ45 companies listed on the Indonesia Stock Exchange. The method used
for sampling is propositional sampling based on predetermined criteria. The number
of samples in this study was 24 companies with 120 data. The data was then subjected
to descriptive statistical analysis, then the data was analyzed using multiple linear
regression equations, namely Statistics Product and Service Solution (SPSS.20). In
multiple linear regression analysis, there is a correlation coefficient test and a
coefficient of determination worth 0.444 or 44.4% of the ability of independent
variables to influence the dependent variable. The results of this study are: partially,
company size (LN) dividend policy (DPR) does not affect company value. Partially,
profitability (ROA) affects company value. While simultaneously, company size,
dividend policy and profitability simultaneously affect company value.