The Effect of Profitability, Liquidity and Leverage on Company Value with Dividend Policy as Moderating Variables on Consumer Companies Listed on the Indonesia Stock Exchange 2018-2020
- DOI
- 10.2991/aebmr.k.220602.046How to use a DOI?
- Keywords
- Profitability; Liquidity; Leverage; Firm Value; Dividend Policy
- Abstract
Company value is a measure of the success of a company’s management in managing its operational activities to increase shareholder confidence. This study aims to analyze the effect of profitability, liquidity, and leverage as factors affecting the value of companies listed on the Indonesia Stock Exchange for 2018-2020 in consumer goods industrial sector companies. This study also examined the dividend policy variable used as a moderating variable in the research model. The population in this study is Consumer Goods Industrial Companies listed on the Indonesia Stock Exchange for 2018-2020. This study utilized secondary data and purposive sampling technique, resulting in 20 companies being selected as research samples. The data were analyzed using Multiple Linear Regression using SPSS 20. The study results revealed that profitability, liquidity, and leverage significantly affected firm value. However, profitability, liquidity and leverage moderated by dividend policy had no significant effect on firm value. Moreover, liquidity and leverage significantly influenced firm value.
- Copyright
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article distributed under the CC BY-NC 4.0 license.
Cite this article
TY - CONF AU - Nindi Isra Sholatika AU - Triyono PY - 2022 DA - 2022/06/13 TI - The Effect of Profitability, Liquidity and Leverage on Company Value with Dividend Policy as Moderating Variables on Consumer Companies Listed on the Indonesia Stock Exchange 2018-2020 BT - Proceedings of the International Conference on Economics and Business Studies (ICOEBS 2022) PB - Atlantis Press SP - 343 EP - 350 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220602.046 DO - 10.2991/aebmr.k.220602.046 ID - Sholatika2022 ER -