INFLUENCE OF DIVIDEND PAYOUT RATIO, DEBT TO EQUITY RATIO, DECISIONS INVESTMENT AND PROFITABILITY ON FOOD AND COMPANY VALUE DRINK WHICH REGISTERED IN EXCHANGE EFFECT INDONESIA PERIOD 2019 – 2022

This study aims to determine the influence of Dividend Payouts Ratio, Debt To Equity Ratio, Decision investment, Profitability On the Company Value Population in study This is company consumption sub sector food and beverages for 2019 – 2022 listed on the Indonesia Stock Exchange (IDX) Which amount 31 company Based on research results and discussion about Influence Dividend Payouts Ratio, Debt To Equity Ratio, Decision investment, Profitability On the Value of Food and Beverage Companies Registered on Exchange Effect Indonesia Period 2019 – 2022. Can concluded as following: Variable Dividend Payouts Ratio (X1), variable Decision Investment (X3), And Profitability variable (X4) does not have a significant effect on variable Mark Company (Y) on Company Food and Drink Which Registered in Exchange Effect Indonesia 2019 - 2022. Variable Debt to Equity Ratio (X2) influential in a way significant to Company Value (Y) variable in Food and Beverage Companies Which Listed on the Stock Exchange Indonesia 2019 - 2022. Based on results study and discussion Which has obtained that the independent variable (X) is Dividend Payout Ratio, Debt To Equity Ratio, Decision Investment, And Profitability No influential in a way simultaneous to variable dependent (Y) to Mark Company in Food and Beverage Companies Listed on the Stock Exchange Indonesia Period 2019 -2022.


Introduction
Along with development time volume need public to food and drink even Keep going increase.Company Which move in the food and beverage sector is competing to create a product which will be able to meet community needs and increase profits his company (R.L. N. N. A. S. A. D. M. R. Nasib, 2023).The company value is the share price on the stock market that will be paid investors For own something company (E. A. B. P. L. H. M. Nasib, 2023).Besides That, the value of the company seen How development performance finance in something company Which can originate from report finance and made as information finance on something company.Factors Which influence mark company among them decision investment, policy dividend, profitability, And debt policy.Ability company in pay dividend Also can affect company value.According to Yudarrudin, defug, & Atmoko (2017) Dividends are the proportion of profits distributed to shareholders with an amount commensurate with the number of shares per share he owns.The size of the dividend will affect the share price.If the dividend paid high, then price share will high and on the contrary.According to Sugiono and Untung (2018:130) to find out the extent company financed with debt so can see through Debt to Equity Ratio.This ratio used to measure debt company.Decision investment Also can influence mark company.Decision This investment is represented by the Price Earnings Ratio (PER).Price earnings ratio is ratio Which works measure how much big comparison between price share company with profit per share sheet Which will obtained with para holder shares (Ramadhani, 2016).Profitability is ability something company for get profit (profit) in a certain period (Hery 2017:7).Profitability ratio in study This represented by return on equity (ROE).Return On Equities is a ratio that shows the level of return obtained by the owner or holder shares for investment in the company.,350,603,976 0,927,832,924 12,341.725.95 0,051,672,220 MYOR 20200,727,223,576 0,795,409,882 43,905.550.62 0,085,867,437 MYOR 20211,375,981,772 0,737,265,091 71,974.431.13 0,067,888,886 BUDI 20192,015,500,403 1,660,070,534 41,922.383.81 0,008,332,720 BUDI 20203,434,351,145 1,200,986,252 54,377.194.58 0,005,170,208 BUDI 20210,843,483,423 1,211,243,288 15,323.273.21 0,021,421,413 CAMP 20190,975,976,438 0,130,572,729 16,425.906.71 0,019,342,587 CAMP 20202,146,780,097 0,137,094,549 87,386.578.06 0,012,302,067 CAMP 2021 2,407,529,654 0,149,709,579 83,231.739.47 0,017,481,100 Source: www.idx.co.idFrom data on can be seen from PT Mayor Indah Tbk.Shows data Dividend payouts ratio year 2019 as big as Rp. 1,350,603,976 And happen decline in 2020 to Rp. 0,727,223,576.Whereas on data Decision Investment on year 2019 as big as Rp.12,341.725.95experience increase in year 2020 become Rp. 43,905.550.62.From table phenomenon the can see that if Dividend payouts ratio experience decline so decision investment will experience increase.
At PT Budi Strach & Sweetner Tbk.Shows Debt to equity ratio data year 2020 as big as Rp. 1,200,986,252 And happen increase on year 2021 amounting to Rp. 1,211,243,288.while in investment decision data on year 2020 amounting to Rp. 54,377,194.58 decreased in 2021 to Rp.15,323,273.21.From this phenomenon table it can be seen that if Debt to If the equity ratio increases, investment decisions will increase decline.
On PT Campina Ice Cream Industry Tbk.Showing data Decision investment in 2020 is IDR.87,386,578.06 and there was a decrease in the year 2021 amounting to Rp. 83,231.739.47.while in 2020 Profitability data as big as Rp.0,012,302,067 experience increase in year 2021 become Rp.0,017,481,100.From the phenomenon table it can be seen that if Decision investment experience decline so Profitability will experience increase.

Mark Company
According to Silvia Indrarini (2019:2) mark company is as follows: "Mark company is perception investors to level of success manager in manage source Power company entrusted to him which is often related to stock price."Company value is calculated using the Price to Book ratio Value (PBV).

Dividend Payouts Ratio
The dividend payout ratio is a ratio Which show results comparison between dividend cash per share with profit per share (Hery 2017:129).If dividends Which paid high, then the company's share price will tend to be high.And on the contrary if dividend Which paid to holder share low, so price share company will tend low.

Debt to Equity Ratio
Debt to equity ratio is ratio Which show comparison of the use of debt to the capital itself owned by company.The more tall ratio This prove that ratio the company's finances are getting higher, and vice versa, increasingly low ratio This prove level ratio Which the more low for company.

Decision Investment
On study This decision investment calculated use Price Earnings Ratio (PER).According to (Anwar, 2019) stated: Price earnings ratio is a comparison ratio between stock prices and share profits by dividing them so that the resulting ratio is higher price share the more expensive and level trust investors also the more tall.

Profitability
On study This profitability counted use ratio Return On Equity (ROE).This ratio intends to investigate the extent where company using resources that is owned by order can give profit on mark company.Test Normality works for test is variable independent and the dependent variable is normally distributed or no k.In order (Ghozali,2021: 196) test normality aim for test is residuals distributed in a normal way.

Test Multicollinearity
According to (Ghozali, 2021:157) test multicollinearity done for find out whether the regression model shows an inter-correlation relationship independent variable (independent).If the tolerance value is > 0.10 or VIF < 10, that means No there is multicollinearity.

Test Autocorrelation
Ghozali (2021:162) the autocorrelation test was carried out to test whether there is a correlation in the linear regression model between confounding errors on period t with error bully on period t-1 (previously).With use test statistics Breusch-Godfrey or Lagrange-Multipier test (LM-Test) can be used to see the occurrence of autocorrelation, with the decision that if the lag_residual significance value is > 0.05 then no happen autocorrelation on results regression.

Test Heteroscedasticity
According to Ghozali (2021:178)  According to Ghozali (2021:147) the coefficient of determination (R2) is useful for measure how much Far ability model in explained variation variable bound.Mark coefficient determination located on 0 And 1. Classification coefficient coloration that is, 0 (No There is correlation), 0.50 (correlation moderate), 0.51-1.00(correlation strong).

Figure
Figure 1.Framework Conceptual

Table 1 .
Phenomenon registered in Exchange Effect Indonesia on year 2019-2022 4) Decision Profitability own influence in a way damn to value of companies listed on the Indonesian Stock Exchange in year 2019 -2022 Ahmad (2017) research methods are an effort to discover, develop and test the truth of knowledge with use ways scientific.On study This researcher use method quantitative.3.2 Population and sample Sugiyono (2018:130) states that population is a region as a whole general which consists of objects/subjects that have qualities and characteristics certain Which set by researcher for researched, then made conclusion.Population in study This is company consumption sub sector food and beverages for 2019 -2022 listed on the Indonesia Stock Exchange (IDX) Which amount 31 company.Sample is part from population Which will researched.According to Sugiyono (2018:131) samples are part of the number and characteristics owned by population them.In study This, the author uses Purposive sampling technique is a technique for determining samples with consideration certain.
the heteroscedasticity test aims to test is happened inequality variance from residuals One observation to observation Which other in capital

Table 4 .
Descriptive The maximum value is 0.09 at PT. Delta Jakarta Tbk.Average value 0.0372, And standard deviation as big as 0.2010 5) The Company Value variable obtained a minimum value of 0.00 at PT Garuda Food Son Daughter Jaya Tbk, mark maximum as big as 7.14 on PT Budi Strach & sweetener Tbk.Mark average 2.5614 And standard deviation as big as 1.90055.

Table 6 .
Test MulticollinearityFrom the results of the multicollinearity test, tolerance values were obtained for all variables greater than 0.10 and the VIF value for all variables is smaller than 10.0.It means can concluded No happen multicollinearity.4.2.3 Test Autocorrelation

Table 7 .
Results Test L.M Test Results processed data SPSS Table above _ show mark coefficient RES_2 give level significant 0.056 Where this bigger from level significant that is 0.05.so that can concluded No happen symptom autocorrelation on study this.4.2.4Test HeteroscedasticityFigure 2. Results Chart Scatterplots Source: Results processed data SPSS On picture above _ show No happen heteroscedasticity Because dot, dot, dot spread without form pattern certain.

Table 8 .
Results Test Analysis Regression Linear Multiple From equality regression the can explained that: 1) Constanta value is 0.892, this shows that if DPR, DER, Decision Investment and Profitability are considered 0, so the PBV value will remain at 0.892 times mark book.2) (Dividend Payout Ratio) regression coefficient (X1) of 0.147 shows the direction positive, matter This make sense every increase distribution dividend as big as 1% then it will increase the company value by 0.147% assuming other variables still.

Table 9 .
Results Test Coefficient Determination (R2)From data on obtained mark on adjusted R Square as big as 0.040 Which meaning that the influence of the independent variable (X) on the dependent variable (Y) can be used to predicted with results F-test Which worth Significant.Dependent Variables: Mark Company d.Predictors: (Constant), Profitability, Decision investment, Dividend Payouts Ratio, Debt to Equity Ratio Based on results F-test show that F count 1,403< F table 8.81 with the conclusion that Ho is Accepted and Ha is Rejected, a significant comparison with level real also shows that the significant value is 0.253 > real level 0.05 with the conclusion Ho is accepted and Ha is rejected.So, it be concluded that there is a set of variables No influential significant to variables bound or simultaneous rejected.4.4 Test Significance Persian (t-test) Based on the results of the partial test (t-test) dividend payout ratio on company value is mark t count as big as 0.719 And mark t table 2,342 It means t count < t table with mark significant 0.477 > than 0.05.So, the dividend payout ratio has no effect significant to mark company 2) Based on results test damn (t-test) debt to equity ratio to mark company is t he calculated t value is 2.154 and the t table value 2,342 means t count <t table with values