Analisis Kebijakan Dividen Dalam Memoderasi Profitabilitas, Likuiditas, Dan Leverage Terhadap Nilai Perusahaan
Abstract
This study aims to analyze and examine the effect of dividend policy in moderating profitability, liquidity, and leverage on firm value in conventional banking sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. The research method used is descriptive associative research method with a quantitative approach. The population in this study amounted to 42 companies with a sample of 10 companies with observations for three years. The results showed that Profitability (ROE) had an effect on firm value, while Liquidity (LAR) and Leverage (DAR) had no effect on firm value, and dividend policy was not able to moderate Profitability (ROE), Liquidity (LAR), and Leverage (DAR). to the value of the company.
Keywords : Dividend Policy, Profitability, Liquidity, Leverage, Firm Value
References
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Andhani, D. (2019). Pengaruh Debt To Total Asset Ratio (DAR) dan Debt To Equity Ratio (DER) Terhadap Net Profit Margin (NPM) Serta dampaknya terhadap Harga Saham pada Perusahaan Elektronik di Bursa Efek Tokyo tahun 2007-2016. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 3(1), 45. https://doi.org/10.32493/skt.v3i1.3262
Fauziah, F. D., & Fuadati, S. R. (2021). Pengaruh Kebijakan Dividen, Likuiditas, dan Solvabilitas terhadap Nilai Perusahaan Perbankan yang Terdaftar di BEI Periode 2015-2019. Jurnal Ilmu Dan Riset Manajemen, 10(4), 1–16.
Febrinta Br Bukit, R. C., Muda, I., & Abubakar, E. (2021). The Effect of Profitability and Liquidity on Firm Value with Leverage as Moderating Variable in Companies That are Joined in LQ45 and Listed on the Indonesia Stock Exchange for the Period 2007-2019. International Journal of Research and Review, 8(7), 344–352. https://doi.org/10.52403/ijrr.20210748
finansial.bisnis.com. (2020). Bagaimana Kondisi Perbankan Nasional Saat Ini? Berikut Jawaban LPS. Finansial.Bisnis.Com. https://finansial.bisnis.com/read/20200917/90/1292959/bagaimana-kondisi-perbankan-nasional-saat-ini-berikut-jawaban-lps
Hadi, W., & Rahayu, N. (2019). The effect of own capital rentability , solvability , profitability and liquidity on dividend policy in food and beverage sub sector companies listed on Indonesia Stock Exchange ( IDX ). The Management Journal of BINANIAGA, 04(01), 37–50.
Ikatan Akuntan Indonesia. (2019). Modul Level Dasar (CAFB) Manajemen Keuangan (I). Ikatan Akuntan Indonesia.
Investor.id. (2021). Antisipasi Kredit Bermasalah. Investor.Id. https://investor.id/editorial/251893/antisipasi-kredit-bermasalah
Krisardiyansah, & Amanah, L. (2020). Pengaruh Free Cash Flow, Profitabilitas, Likuiditas dan Leverage terhadap Kebijakan Dividen. Current: Jurnal Kajian Akuntansi Dan Bisnis Terkini, 1(1), 132–149. https://doi.org/10.31258/jc.1.1.132-149
Most.co.id. (2021). 5 Sektor Bisnis di Indonesia yang Berpeluang Tinggi untuk Investasi Saham. Most.Co.Id. https://www.most.co.id/tips-investasi/5-sektor-bisnis-di-indonesia-yang-berpeluang-tinggi-untuk-investasi-saham
Oktaryani, G. . S., & Mannan, S. S. A. (2018). The Moderating Effect of Dividend Policy on Free Cash Flow and Profitability Towards Firm Value. Master of Management Journal, 7(3), 1. https://doi.org/10.29303/jmm.v7i3.311
Rachmi, I. F., & Heykal, M. (2020). The Effect of Liquidity, Leverage, Profitability, Dividend Payout Ratio, and Price Earning Ratio on Firm Value. PalArch’s Journal of Archaeology of Egypt/Egyptology, 17(7), 2967–2977.
Sondakh, R. (2019). the Effect of Dividend Policy, Liquidity, Profitability and Firm Size on Firm Value in Financial Service Sector Industries Listed in Indonesia Stock Exchange 2015-2018 Period. Accountability, 8(2), 91. https://doi.org/10.32400/ja.24760.8.2.2019.91-101
Sugiyono. (2015). Metode Penelitian Pendidikan (Pendekatan Kuantitatif, Kualitatif, dan R&D). Alfabeta.
Yuesti, A., & Kepramareni, P. (2019). Manajemen Keuangan Jendela Pengelolaan Bisnis (P. N. A. Adnyana (ed.)). CV. Noah Aletheia.
Zuhroh, I. (2019). The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage. KnE Social Sciences, 3(13), 203. https://doi.org/10.18502/kss.v3i13.4206
Published
2022-10-06
Section
Articles
