Analisis pengaruh profitabilitas dan kebijakan dividen terhadap nilai perusahaan dengan kapitalisasi pasar sebagai variabel moderasi: Studi pada perusahaan yang tercatat di indeks JII70 periode 2017-2019

Setiawan, A Haris and Choiruddin, Muhammad Nanang (2021) Analisis pengaruh profitabilitas dan kebijakan dividen terhadap nilai perusahaan dengan kapitalisasi pasar sebagai variabel moderasi: Studi pada perusahaan yang tercatat di indeks JII70 periode 2017-2019. BISEI: Jurnal Bisnis Dan Ekonomi Islam, 06 (01). pp. 26-37. ISSN 2541-2671

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Abstract

This study aims to find the effect of profitability and dividend policy on firm value with market capitalization as a moderating variable for companies listed on the JII70 Index for the 2017-2019 period. This research is a quantitative research type with a sample population of 104 companies listed in the JII70 Index listed on the Indonesia Stock Exchange in the 2017-2019 period. Furthermore, purposive sampling was carried out to obtain 34 companies that fit the criteria. The results obtained in this study indicate that there is a significant influence between profitability and market capitalization on firm value, only dividend policy has no significant effect on firm value. Meanwhile, the MRA test shows that market capitalization is not able to partially moderate the relationship between profitability and dividend policy on firm value.

Item Type: Journal Article
Keywords: Profitability, Dividend Policy, Firm Value, Market Capitalization
Subjects: 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150201 Finance
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150205 Investment and Risk Management
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150299 Banking, Finance and Investment not elsewhere classified
Divisions: Faculty of Economics > Department of Management
Depositing User: Muhammad Nanang Choiruddin
Date Deposited: 07 Jul 2021 15:08

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