The Effect Of Capital Structure, Profitability and Liquidity on Firm Value With Dividend Policy As A Moderating Variable
DOI:
https://doi.org/10.33506/sl.v12i2.2156Abstrak
Penelitian ini bertujuan menguji apakah ada pengaruh struktur modal, profitabilitas serta likuiditas terhadap nilai perusahaan dengan menambah kebijakan dividen sebagai variabel moderasi. Pendekatan kuantitatif dipilih dalam penelitian ini. Seluruh perusahaan yang masuk di dalam indeks LQ45 merupakan populasi dalam penelitian ini dengan periode 2018-2021. Teknik pengambilan teknik sampel penelitian ini menggunakan purposive sampling. Metode analisis yang digunakan dalam penelitian ini adalah analisis regresi berganda dan uji beda mutlak. Hasil dari penelitian membuktikan bahwa variabel struktur modal tidak ada pengaruhnya terhadap nilai perusahaan, profitabilitas memiliki pengaruh positif terhadap nilai perusahaan serta likuiditas memiliki pengaruh positif terhadap nilai perusahaan, kebijakan dividen sebagai pemoderasi tidak mampu memoderasi pengaruh struktur modal terhadap nilai perusahaan, variabel kebijakan dividen sebagai pemoderasi tidak mampu memoderasi pengaruh profitabilitas terhadap nilai perusahaan juga likuiditas terhadap nilai perusahaan yang tidak mampu dimoderasi kebijakan dividen.
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