ABSTRACT
This study aims to examine the effect of debt policy proxied with debt to equity ratio (DER) and profitability which proxied with return on equity (ROE) to firm value projected with price book value (PBV) with dividend policy as a moderating variable. Empirical studies on research use sampling technique using purposive sampling of 175 samples of manufacture companies listed in the Indonesia Stock Exchange years 2011–2017. The method of analysis of this study uses moderated regression analysis (MRA) using an analysis tool that is E-Views. The results of this study are that debt policy has a significant positive effect on corporate value, and profitability has a significant positive effect on corporate value. Dividend policy strengthens the influence of debt policy on corporate value, and dividend policy strengthens the influence of profitability on corporate value.
