The Impact of Dividend Policy, Capital Structure, and Profitability on the Firm Value of PT Adaro Energy

Abstract

This study investigates how dividend policy, capital structure and profitability affect the value of PT Adaro Energy, a coal mining company operating in Indonesia. The aim of this research is to gain a better understanding of the relationship between these three factors on the Company Value of PT Adaro Energy using a quantitative approach. The sample used was 96 respondents who were taken using the lemmeshow formula, data was collected through a questionnaire which had been tested for validity and reliability. The method used is multiple linear regression with SPSS 24 software. The research results show that the variables (1) Dividend Policy, (2) Capital Structure, (3) Profitability have a positive effect on the PT Adaro Energy Company Value variable.

It is hoped that this research will be useful for investors, financial analysts, and parties interested in measuring and understanding how coal mining companies function in a changing economy.