Evaluasi Faktor-Faktor Internal Perusahaan Terhadap Nilai Perusahaan: Keputusan Investasi, Kebijakan Dividen, Dan Likuiditas Pada Perusahaan Manufaktur BEI 2021–2023

Authors

  • Citra Puspa Permata Institut Agama Islam Negeri Curup
  • Mery Zuliyanti Institut Agama Islam Negeri Curup

DOI:

https://doi.org/10.30742/equilibrium.v21i2.4829

Keywords:

Investment Decision, Dividend Policy, Liquidity, Firm Value, Manufacturing Companies

Abstract

This study aims to analyze the effect of investment decisions, dividend policy, and liquidity on firm value in manufacturing companies listed on the Indonesia Stock Exchange for the period 2021–2023, both partially and simultaneously. The independent variables used are investment decisions, dividend policy, and liquidity, while the dependent variable is firm value. The sample consists of 30 manufacturing companies selected using purposive sampling based on specific criteria during the 2021–2023 period. The data used are secondary data in the form of audited financial statements obtained from the official website of the Indonesia Stock Exchange. The analysis technique used is multiple linear regression with classical assumption tests, and hypothesis testing is conducted using the t-test and adjusted R² (coefficient of determination). The results show that investment decisions, dividend policy, and liquidity have a positive and significant effect on the firm value of manufacturing companies listed on the IDX.

References

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Published

2025-10-28

Issue

Vol. 21 No. 2 (2025): October

Section

Articles

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