Nadia Rahmawati
Universitas Bina Sarana Informatika

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PENGARUH DEBT TO EQUITY RATIO DAN DIVIDEND PAYOUT RATIO TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2022-2025 Nadia Rahmawati; Saridawati Saridawati
Jurnal Cinta Nusantara Vol. 4 No. 3 (2026): Juli-September, Synergy of Research and Community Service for Community Empower
Publisher : CV. Bunda Ratu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63754/jcn.v4i3.215

Abstract

Firm value is one of the metrics investors use to assess a company's condition and prospects. This study analyzes the effect of the Debt-to-Equity Ratio (DER) and the Dividend Payout Ratio (DPR) on firm value in manufacturing companies listed on the Indonesia Stock Exchange during the 2022–2025 period. The study sample consisted of 15 companies selected using a purposive sampling technique, with a total of 60 observations. Testing was conducted using a quantitative approach and multiple linear regression analysis. The results show that DER has a negative and significant effect on firm value, indicating that increased debt usage can lower investor valuations. Conversely, DPR has a positive and significant effect, indicating that higher dividend distributions tend to increase firm value. These two variables explain 27.6% of the variation in firm value, while the remaining 72.4% is influenced by other factors not examined.