THE EFFECT OF PROFITABILITY AND DIVIDEND POLICY ON COMPANY VALUE PT ASTRA INTERNATIONAL, Tbk

Abstract

This research aims to find out and analyze whether profitability and dividend policy have an influence on the company's value. The research population is companies listed on the IDX for the period 2015 – 2024. With PT Astra Internasional Tbk as a sample. The research method is quantitative using the spss program. Data analysis used a descriptive analysis method, using classical assumption test, normality test, multicollinearity test, autocorrelation test, heterocysticity test, hypothesis test (t test and f test) and multiple linear regression test. The results of partial hypothesis testing (T-Test) show that the profitability variable (ROA) and dividend policy (DPR) have an effect on the dependent variable, namely the company's value (PBV). This is supported by a significant (Sig.) For both variables smaller than 0.05 (i.e. 0.000 for profitability and 0.000 for dividend policy). Therefore, the first and second hypotheses are accepted.