PENGARUH KEBIJAKAN DIVIDEN DAN KEPEMILIKAN INSTITUSIONAL TERHADAP NILAI PERUSAHAAN SUB SEKTOR FARMASI DI BURSA EFEK INDONESIA

This study aims to examine and analyze the effects of dividend policy and institutional ownership on firm value. The research was conducted on pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2024. This study uses a quantitative method with multiple linear regression analysis. The sampling technique employs purposeful sampling with specific criteria, resulting in a sample of 6 pharmaceutical companies. The results indicate that the dividend policy variable has a significant impact on firm value, while institutional ownership does not have a significant impact on firm value. Therefore, it can conclude that for pharmaceutical companies on the IDX for the 2021-2024 period, dividend policy is a dominant factor in influencing company value, and institutional ownership is not one of the factors that can influence company value.