Open AccessThe Effect of Market Value Added (MVA), Liquidity and Solvency Ratio and Dividend Policy on Stock Return with Firm Size as the moderating variable (Study on LQ45 Companies in Indonesia Stock Exchange)
Author(s) -
R. Juwita Effendy,
Dwi Asih Surjandari Razmjoo
Publication year - 2022
Publication title -
journal of economics, finance and accounting studies
Language(s) - English
Resource type - Journals
ISSN - 2709-0809
DOI - 10.32996/jefas.2022.4.1.16
Subject(s) - solvency , market liquidity , dividend policy , stock exchange , solvency ratio , monetary economics , dividend yield , enterprise value , economics , stock (firearms) , dividend payout ratio , stock market , business , financial economics , econometrics , finance , mechanical engineering , paleontology , horse , biology , engineering
This study aims to analyze the effect of Market Value Added (MVA), Liquidity and Solvency Ratios, and Dividend Policy on Stock Returns with Firm Size as a moderating variable (Study on LQ45 Companies in Indonesia Stock Exchange) the periods of 2015 to 2019. The research samples consist of 28 companies with the object of research the Market Value Added, Liquidity Ratio, Solvency Ratio and dividend policy as independent variables, Stock Return as a dependent variable and Firm Size as the moderating variable. The analysis uses multiple regressions with E-views version 10. The results show that the liquidity ratio and dividend policy have a significant effect on stock returns, while market value-added and solvency ratios have no effects. Firm size can moderate the liquidity ratio and dividend policy on stock returns, but it cannot moderate market value-added and solvency ratio to stock returns.