Pengaruh Struktur Modal, Kebijakan Dividen dan Kebijakan Utang Terhadap Nilai Perusahaan

Abstract

This study aims to empirically examine the influence of capital structure, dividend policy, and debt policy on firm value among banking companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The study employs an associative quantitative approach using secondary data obtained from the banking companies' financial statements. Purposive sampling was used as the sampling technique, while data analysis was conducted using panel data regression with the aid of EViews 13 software. The results indicate that, individually (partially), capital structure has a significant effect on firm value. Meanwhile, dividend policy and debt policy do not have a significant effect on firm value. However, simultaneously, capital structure, dividend policy, and debt policy collectively influence firm value.