Pengaruh Kebijakan Dividen, Ukuran Perusahaan dan Struktur Modal Terhadap Nilai Perusahaan pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode 2020-2023

Abstract

The focus of this study is to examine the impact of profit-sharing strategies, the size of business entities, and the composition of funding on the valuation of mining corporations listed on the IDX during the period 2020–2023. The study draws indirect information from the annual reports of mining corporations listed on the IDX. The data analysis technique applied is multiple linear regression. The population in this study is a total of 63 entities in the mining industry sector listed on the Indonesia Stock Exchange; this research takes 12 business entities that meet the criteria for an example determined intentionally. The collected information was then analyzed by SPSS version 26 analysis. The findings of the study with the t-test indicate that the element of dividend policy has a good but weak impact on corporate value, the company size variable has a positive and meaningful impact on the company's valuation, and the capital structure variable has a negative but not significant impact on corporate valuation. The results of the study, using simultaneous analysis (F-test), indicate that dividend policy, business entity size, and capital structure collectively have a significant impact on the value of the corporation. The findings of this study also indicate that the independent element can explain the variable value of the company by 19.3%, while the remaining 80.7% is affected by external elements of this study model.