PENGARUH PROFITABILITAS, KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX PERIODE 2021-2023

Abstract

The purpose of this study is to determine and analyze the effect of profitability, debt policy on company value in companies listed on the Jakarta Islamic Index (JII) from 2021 to 2023. This study was conducted because there are still differences in research results between one and another. The research approach used in this study is a quantitative approach using secondary data. The sample selected using the purposive sampling method. The number of samples used in this study was 51 samples taken from a population of 17 companies listed on the Jakarta Islamic Index in 2021-2023. The analysis techniques used are multiple linear regression, classical assumption test, T test, F test, and determinant coefficient processed using the SPSS (Statistic Package for the Social Sciences) program. Based on the results of the study, it shows that simultaneously profitability (ROA), and debt policy (DER) affect the value of the company. Because it has a significance level of 0.000 <0.05 which means Ha3. And partially, it shows that profitability (ROA) does not affect the value of the company. Which has a significance level of 0.961> 0.05 which means Ha1 is rejected. Meanwhile, debt policy (DER) affects the value of the company. Because it has a significance level of 0.039 <0.05 which means Ha2 is accepted.