The Effect of Debt Policy and Dividend Policy on the Value of Cigarette Sub-Sector Manufacturing Companies Listed on the Indonesia Stock Exchange

This study aims to examine the effect of debt policy and dividend policy on the value of manufacturing companies, especially in the Cigarette Sub-Sector Manufacturing Company value of manufacturing companies, especially in the Cigarette Sub-Sector Manufacturing Company which is listed on the Indonesia Stock Exchange.This study uses a causal associative type and a quantitative type.The subject of this research is the audited financial statements of the listed Cigarette Sub-Sector Companies in Indonesia.The analysis method used in this research is multiple linear regression analysis, with the help of SPSS version 27 software to perform data testing.The results of the research conducted show that debt policy has no effect on firm value.However, the outcomes of the hypothesis test indicate that the debt policy has no bearing on the Manufacturing Company in the Cigarette Sub-Sector that is listed on the Indonesia Stock Exchange and has no significance.However, the business value is unaffected by the dividend policy variable.However, the outcomes of the hypothesis test indicate that dividend policy is likewise insignificant and has no bearing on the Manufacturing Company in the Cigarette Sub-Sector that is listed on the Indonesia Stock Exchange.