Title:
Analysis of the Effect of Dividend Policy, return on Assets, and Net Profit Margin on Firm Value

Authors:
Indah Ullya Rahmah, Nella Yantiana, Syarif M. Helmi, Indonesia

Abstract:

This study aims to identify the impact of dividend policy, return on assets (ROA), and net profit margin (NPM) on firm value after the Covid-19 pandemic. The population in this study consists of Technology Sector Companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2023. A total of 18 technology companies were selected as the sample based on purposive sampling technique. This research adopts a quantitative approach using secondary data obtained from the official website www.idx.co.id as the primary source. The data were analyzed using Eviews 12, with model feasibility tests, classical assumption tests, panel data regression analysis, t-tests, F-tests, and determination coefficient tests. The results of this study indicate that dividend policy (X1) and ROA (X2) do not have a significant effect on firm value (Y); ROA has a negative effect, and dividend policy has a positive effect on firm value. Meanwhile, NPM (X3) has a positive and significant effect on firm value (Y). All the variables in this study collectively have a positive and significant effect on firm value.

DOI: https://doi.org/10.51505/IJEBMR.2024.8913