<![CDATA[This study aims to analyze the effect of capital structure, firm size, and debt policy on firm value. Firm value is an important indicator that reflects a company’s performance and future prospects, making it a key concern for both investors and management. In this study, capital structure is measured using the debt-to-equity ratio, firm size is proxied by total assets, and debt policy is assessed based on the level of debt usage in the company’s financing structure. This research employs a quantitative approach using multiple linear regression analysis to examine the influence of independent variables on the dependent variable. The data used are secondary data obtained from companies’ financial statements published through official sources. The results indicate that capital structure and debt policy have a significant effect on firm value, while firm size also has an influence but is not always statistically significant. These findings suggest that managerial decisions in managing financing sources play a crucial role in enhancing firm value. Therefore, companies are expected to optimize the balance between debt and equity while considering their operational scale to increase investor confidence and maximize firm value in the market.]]>
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