PRAGMATIS Jurnal Manajemen dan Bisnis
Vol 5, No 1 (2024): March

Pengaruh Struktur Modal, Profitabilitas Dan Kebijakan Dividen Terhadap Nilai Perusahaan Pada Perusahaan Asuransi Di BEI Periode 2019–2022

Maqbula Arochman (Fakultas Ekonomi dan Bisnis, Universitas Wijaya Kusuma Surabaya)
Surenggono Surenggono (Fakultas Ekonomi dan Bisnis, Universitas Wijaya Kusuma Surabaya)



Article Info

Publish Date
29 Mar 2024

Abstract

An insurance company is a company that manages the cash of its customers. An insurance policy is a contract between the policyholder and the insurance company. During the COVID-19 pandemic, the stock market experienced a decline so the value of investment in unit link insurance policies decreased. As a result, few customers experience losses due to the value of insurance investments that become worth zero rupiah. This research aims to analyze the influence of debt-to-equity ratio, return on equity, and dividend payout ratio on the company value of insurance companies on the IDX for the 2019-2022 period. This research uses a purposive sampling method with criteria, namely insurance companies whose shares have actively traded since 2019-2022, and published annual financial reports during the observation period from 2019 to 2022. The total population that meets the criteria is 13 insurance companies with an analysis period of 4 years, the total number of samples is 52. The analysis technique used is the classical assumption test and multiple linear regression analysis. The research results show that the debt-to-equity ratio (DER) has a significant effect on company value (PBV), return on equity (ROE) does not have a significant effect on company value (PBV) and the dividend payout ratio (DPR) has a significant effect on company value (PBV).

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Journal Info

Abbrev

pragmatis

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

PRAGMATIS: Jurnal Manajemen is a peer-reviewed journal that publishes articles, studies, and reviews relating to economics, management. PRAGMATIS journal accepts any manuscripts or articles in the field of economics, management studies from both national and international academicians and ...