The Effect of Profitability and Deviden Policy on Company Value (Case Study in the Healthcare Sector Listed on the Indonesia Stock Exchange 2019-2023)

Authors

  • Firda Maulani Lestari FPEB, Universitas Pendidikan Indonesia
  • Yayat Supriyatna FPEB, Universitas Pendidikan Indonesia
  • Maya Sari FPEB, Universitas Pendidikan Indonesia

DOI:

https://doi.org/10.38035/dijefa.v5i5.3540

Keywords:

Profitability, Dividend Policy, Company Value

Abstract

This study examined the impact of sustainability and dividend policy on the value of healthcare companies listed on the Indonesia Stock Exchange (BEI) from 2019 to 2023. The dependent variable in this analysis was company value, represented by the Price to Earnings Ratio (PER), while the independent variables included sustainability, measured by Return on Assets (ROA), and dividend policy, expressed through the Dividend Payout Ratio (DPR). A linear regression analysis was employed using data derived from the companies' financial statements. The results revealed that sustainability had a significant positive effect on company value, and dividend policy also had a positive contribution. These findings offer valuable insights for both investors and management in formulating financial strategies to enhance the value of healthcare companies. This research is expected to contribute to the growth of financial literature and managerial practices in Indonesia

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Published

2024-12-08

How to Cite

Lestari, F. M., Supriyatna, Y. ., & Sari, M. . (2024). The Effect of Profitability and Deviden Policy on Company Value (Case Study in the Healthcare Sector Listed on the Indonesia Stock Exchange 2019-2023) . Dinasti International Journal of Economics, Finance &Amp; Accounting, 5(5), 5383–5389. https://doi.org/10.38035/dijefa.v5i5.3540

Issue

Vol. 5 No. 5 (2024): Dinasti International Journal of Economics, Finance & Accounting (November - December 2024)

Section

Articles

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Copyright (c) 2024 Firda Maulani Lestari, Yayat Supriyatna, Maya Sari

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