The Effect of Profitability and Capital Structure on Firm Value Through Dividend Policy in Transportation Companies Listed on the Indonesia Stock Exchange for the Period of 2015-2018

This study aims to analyze the effect of profitability and capital structure on dividend policy on transportation companies listed on the IDX for the 2015-2018 period, to analyze profitability and capital structure on company value in transportation companies listed on the IDX for the 2015-2018 period, to analyze the effect of dividend policy on company value in transportation companies listed on the IDX for the 2015-2018 period, and analyzes the effect of profitability and capital structure on company value with dividend policy as an intervening variable in transportation companies listed on the IDX for the 2015-2018 period. The sample in this study were 26 companies. The analysis technique uses path analysis. The results showed that profitability and capital structure had no influence on dividend policy in transportation companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2018. Profitability and capital structure have an influence on company value in transportation companies listed on the Indonesia Stock Exchange (BEI) for the period 2015-2018. The dividend policy has no effect on company value in transportation companies listed on the Indonesia Stock Exchange (IDX) for the period 2015-2018. This can happen because shareholders only want to get profits quickly or in the short term by taking advantage of capital gains