THE EFFECT OF PROFITABILITY, LEVERAGE, LIQUIDITY AND DIVIDEND POLICY ON THE VALUE OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX) LQ45 INDEX FOR THE PERIOD 2022-2024

Abstract

This study aims to analyze the effect of profitability, debt ratio, liquidity, and dividend policy on the enterprise value of LQ45 issuers listed on the Indonesia Stock Exchange (IDX) for the period 2022–2024. Data were obtained from annual financial reports using purposive sampling techniques, resulting in 49 observations. Statistical Package for the Social Sciences (SPSS) was used to test the hypotheses, and multiple linear regression with classical assumption tests was applied. The results show that profitability, debt ratio, liquidity, and dividend policy have a significant positive impact on enterprise value, both partially and simultaneously.