PENGARUH STRUKTUR MODAL DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN NILAI PERUSAHAAN PERIODE 2017-2021

Abstract

Purpose― The purpose of this research is to examine the relationship between financial structure, particularly debt ratio and dividend payout ratio, with the market value of companies. The study aims to understand how these factors impact stock prices and the overall value of the company as perceived by investors.

Method— This study uses a quantitative approach with the population and research samples using manufacturing companies in the Property and Real Estate sub-sector listed on the Indonesia Stock Exchange during the 2017-2021

Finding— This research employs a quantitative approach, using data analysis to examine the effect of debt-to-equity ratio (X1) and dividend payout ratio (X2) on the market value of the company (Y). The study analyzes the significance of these variables in influencing stock prices, based on financial performance indicators and investor perceptions.

Implikasi— The research suggests that financial structures such as debt ratios and dividend payout policies may not directly influence market valuation in the companies analyzed. This has implications for how companies might approach financial decision-making, particularly in terms of capital structure and dividend distribution strategies.

Originality— This research provides a unique contribution to understanding the interplay between financial metrics like debt ratio and dividend payout ratio and their impact on the market value of a company. The study highlights that maximizing shareholder wealth may not solely depend on these traditional financial indicators, encouraging further investigation into other factors that could drive company value.

Keywords-- Capital structure and dividend policy on company value.