The Effect of Profitability, Company Size and Dividend Policy on Firm Value: Evidence from Indonesia’s Banking Sector

Taufiqur Rohman, Nining Ika Wahyuni and Siti Maria Wardayati
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Taufiqur Rohman: Faculty of Economics and Busines, University of Jember, Indonesia.
Nining Ika Wahyuni: Faculty of Economics and Busines, University of Jember, Indonesia.
Siti Maria Wardayati: Faculty of Economics and Busines, University of Jember, Indonesia.

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Abstract: This study aims to analyze the influence of profitability, company size, and dividend policy on the value of banking subsector companies listed on the Indonesia Stock Exchange for the 2021–2023 period. The research background is based on the importance of fundamental factors in determining company value, particularly during the recovery period after the COVID-19 pandemic. This study uses signaling theory and bird-in-the-hand theory. The population in this study was 48 banking companies listed on the IDX for the 2021–2023 period. The sampling technique used was purposive sampling. The sample period obtained included 16 Indonesian banking companies, bringing the total sample to 48. The analytical technique used was multiple linear regression analysis. The results showed that profitability and company size had a positive effect on company value, while dividend policy had no effect on company value.

Date: 2025-08-28
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Published in Journal of Global Economics, Management and Business Research, 2025, 17 (3), pp.100-110

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