PENGARUH KEPUTUSAN PENDANAAN, STRATEGI DIVERSIFIKASI, EFISENSI OPERASIONAL, INOVASI, DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN

(STUDI PADA PERUSAHAAN SUBSEKTOR FOOD AND BEVERAGE PERIODE 2018–2022)

Abstract

This study aims to examine the effect of funding decisions, diversification strategies, operational efficiency, and dividend policy on firm value. The object of this research is food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022. The population of this study consisted of 135 food and beverage companies. The sample of this study consisted of 27 food and beverage companies. The sampling technique in this study used purposive sampling technique. The method used in the analysis uses Partial Least Square (PLS) - Structural Equation Modeling (SEM) data analysis and is supported by WarpPLS 8.0 software. Based on the results of research and discussion, it shows that the variables of attachment decisions, innovation, and dividend policy have a positive influence on firm value, while the diversification strategy variable has a negative influence on firm value, and the operational efficiency variable has no effect on firm value.