<![CDATA[Firm value reflects investors’ perception of a company’s performance and prospects. It may be influenced by financial performance, dividend policy, and firm size, but previous findings remain inconsistent. This study aims to analyze the effect of financial performance, dividend policy, and firm size on firm value. It applies a systematic literature review of 15 scientific articles published in 2021–2026, using data extraction and narrative synthesis of the empirical results. The review shows that financial performance, especially ROE and profitability, mostly has a significant positive effect on firm value. Dividend policy shows split results: four articles report a significant positive effect and three report no significant effect. Firm size shows mixed directions: three articles report a positive effect, three a negative effect, and two no effect. These findings indicate that financial performance is the most consistent determinant of firm value, while the effects of dividend policy and firm size depend on the research context.]]>
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