The Effect of Dividend Policy and Capital Structure on Firm Value with Profitability as Mediation In The Food and Beverage Companies Listed on IDX In 2015-2020

Company is committed to continuously optimizing performance to achieve targets with maximum results. The company must have various strategic options that will later be executed, and the goal of the company's financial management is to maximize shareholder wealth in the long term. The increase in shareholder wealth is shown in the higher share price of the company itself. This study was conducted to determine the effect of dividend policy on capital structure and profitability on the value of companies engaged in the food and beverage sector and determine whether profitability can mediate the effect of capital structure on firm value. The variables used to measure the factors that will affect the value of the company or PBV (Price Book to Value) are dividend policy or DPR (Dividend Payout Ratio), capital structure or DER (Debt to Equity Ratio) and profitability or ROE (Return on Equity). The sample used in this study is a company engaged in the Food and Beverage Sector and has been listed on the Indonesia Stock Exchange. The research period used in this research uses the last 5 years (2015-2020). This research is quantitative research and uses secondary data. This study uses two techniques of data analysis, namely descriptive analysis, and statistical analysis. Analysis technique using Path Analysis Keywords: Firm Value, Dividend Policy, Capital Structure, Profitability