Open AccessThe effect of Leverage and Profitability on Corporate Value with Dividend Policy as Moderating Variables (Manufacturing Companies in the Consumer Goods Industry which were Listed on the Indonesia Stock Exchange (Idx) for the Period 2016 – 2018)
Author(s) -
Sely Megawati Wahyudi
Publication year - 2021
Publication title -
asian journal of economics, business and accounting
Language(s) - English
Resource type - Journals
ISSN - 2456-639X
DOI - 10.9734/ajeba/2021/v21i930418
Subject(s) - stock exchange , profitability index , leverage (statistics) , dividend policy , business , enterprise value , nonprobability sampling , dividend , sample (material) , accounting , finance , statistics , population , chemistry , demography , mathematics , chromatography , sociology
This study aims to examine and examine the effect of Leverage dan Profitability on Firm Value with dividend policy as moderating variables. The data used in this study are secondary in the form of financial statements of each sample company reported to the IDX from 2016-2018, sourced from the Indonesia Stock Exchange (IDX) website, namely www.IDX.co.id
The sample used in this study were 13 companies from 43 manufacturing companies in the consumer goods industry which were listed on the Indonesia Stock Exchange (IDX) for the period 2016 - 2018. The sample was performed using a purposive sampling method. The data analysis used in this research is multiple regression analysis.
This study produces Leverage that has no significant effect on firm value, while profitability has a significant effect on firm value. Dividend policy can moderate the effect of profitability on firm value and dividend policy can moderate the effect of leverage on firm value.