Pengaruh Dividen, Kualitas Audit, Leverage dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Sektor Energi Utama Tahun 2021 – 2023
DOI:
https://doi.org/10.35870/emt.v10i1.5415Keywords:
Dividend, Audit Quality, Leverage, Profitability, Firm ValueAbstract
This study aims to analyze the effect of dividends, audit quality, leverage, and profitability on firm value in major energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. Firm value is measured using Tobin’s Q ratio, while the independent variables are measured using the Dividend Payout Ratio (DPR), a dummy variable for the use of Big Four audit firms, the Debt to Equity Ratio (DER), and Return on Assets (ROA). The research employs a quantitative approach using secondary data from company annual reports, and panel data regression with the Random Effect Model (REM) is applied for analysis. The results reveal that dividends and audit quality have a negative effect on firm value, while profitability has a significant positive effect. Meanwhile, leverage shows no significant effect on firm value. These findings offer valuable implications for managerial decision-making and investment strategies, particularly in the highly regulated and risk-sensitive energy sector.
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