This study aims to obtain empirical evidence related to the effect of dividend policy, investment decisions, leverage, profitability, and firm size on firm value. The population of this study is all manufacturing companies listed on the Indonesian stock exchange in 2015-2019 with 30 companies as samples. Determination of the sample in this study using the purposive sampling method. Hypothesis testing in this study uses panel data regression. The results showed that dividend policy does not affect firm value, investment decisions do not affect firm value, leverage affects positively firm value, profitability affects positively firm value, and firm size does not affect firm value.
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Bon et al. (2022) studied this question.
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