@article{jme, author = {Dinda Agustin and Ika Wahyuni and Ida Subaida}, title = { PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN FARMASI YANG TERDAFTAR DI BEI}, journal = {Jurnal Mahasiswa Entrepreneurship (JME)}, volume = {1}, number = {7}, year = {2022}, keywords = {}, abstract = {The value of the company can provide maximum shareholder prosperity if the company's share price increases. The higher the stock price in a company, the income and prosperity of investors will also increase and have a good impact on increasing the value of the company. This research is a causality research. The population in this study are pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. The sampling technique was determined by purposive sampling. Data analysis and hypothesis testing in this study used the Structural Equation Model - Partial Least Square (PLS-SEM). The results of the direct influence hypothesis test using the Smart PLS 3.0 application, show that profitability has a significant positive effect on dividend policy, profitability has a negative and insignificant effect on firm value, dividend policy has a negative but significant effect on firm value. The results of the indirect effect hypothesis test show that the profitability variable on firm value through dividend policy has a negative and insignificant effect.  }, issn = {2964-898X}, pages = {1390--1402}, doi = {10.36841/jme.v1i7.2193}, url = {https://unars.ac.id/ojs/index.php/jme/article/view/2193} }