ANALISIS LEVERAGE, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN: PERAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING

Penulis

  • Riska seprianti Universitas Putra Indonesia YPTK
  • Elfiswandi Universitas Putra Indonesia YPTK
  • yulasmi Universitas Putra Indonesia YPTK

Kata Kunci:

Leverage, Profitability And Company Size, Dividend Policy, Firm Value

Abstrak

This study aims to examine the effect of leverage, profitability and company size on company value: the role of dividend policy as an intervening variable. This research was conducted using quantitative methods on the financial reports of companies listed on the Indonesia Stock Exchange during the 2019-2023 period. The total research sample was 13 companies, which were determined using the purposive sampling method. The data used is secondary data, namely financial reports of Property, Real Estate & Building Construction Sector companies listed on the Indonesia Stock Exchange. The analysis technique used in this study is multiple linear regression with SPSS 26 tools. To test the hypothesis, the Path Coefficient is used, which is a test carried out to see the direct effect and indirect effect. The results of this research show that: 1) Leverage has no effect on dividend policy. 2) Profitability has a positive and significant effect on dividend policy. 3) Company size has a positive and significant effect on dividend policy. 4) Leverage has a positive and significant effect on company value. 5) Profitability has a positive and significant effect on company value. 6) Company size has a positive and significant effect on company value. 7) Dividend policy has a positive and significant effect on company value. 8) Dividend policy is unable to act as an intervening variable or mediate the effect of leverage on company value. 9) Dividend policy is able to act as an intervening variable or mediate the influence of profitability on company value. 10) Dividend policy is unable to act as an intervening variable or mediate the influence of profitability on company value.

 

Unduhan

Diterbitkan

2024-09-29