The Effect of Profitability on Company Value Through Dividend Policy in Pharmaceutical Companies in Indonesia Authors Dwi Rahmawati Utami Graduate Program at University of Merdeka Malang, Indonesia Parawiyati Faculty of Economics and Business, University of Merdeka Malang, Indonesia Sihwahjoeni Faculty of Economics and Business, University of Merdeka Malang, Indonesia DOI: https://doi.org/10.47505/IJRSS.2022.V3.8.7 Keywords: Dividend Policy, Profitability, Firm Value Abstract Firm value is the success of the company which is often associated with stock prices. This study aims to analyze the effect of profitability on dividend policy, analyze the effect of profitability on firm value, analyze the effect of dividend policy on firm value, and analyze dividend policy as a mediator of the relationship between profitability and firm value. The population in this study was 10 companies; the sampling technique used purposive sampling so that a sample of 9 companies was obtained during the period 2016 to 2021. The analysis technique used simple regression analysis, and multiple regression analysis. The results analysis shows that profitability has an effect on dividend policy. Profitability has an effect on firm value. Dividend policy has an effect on firm value and Policy as a mediator of the relationship between profitability and firm value. References Anita, Aprilia and Arief Yulianto. 2016. The Effect of Managerial Ownership and Dividend Policy on Firm Value. Management Analysis Journal. Vol. l 5, No. 1: 17-24. Cooper, Donald R. And Pamela S. Schiendler. 2014. Business Research Methods. 12th edition. New York: The McGraw-Hill/Irwin series. Febriana, Elia, Djumahir and Achmad Helmy Djawahir. 2016. 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International Journal of Research in Social Science and Humanities (IJRSS) ISSN:2582-6220, DOI: 10.47505/IJRSS, 3(8), 46–52. https://doi.org/10.47505/IJRSS.2022.V3.8.7 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 3 No. 8: IJRSS August-2022 Section Articles License Copyright (c) 2022 Dwi Rahmawati Utami, Parawiyati, Sihwahjoeni This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.