Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia

Research Article

The Effect of Profitability, Debt Policy, And Liquidity on Corporate Values with Dividend Policy as Moderating Variables

Download328 downloads
  • @INPROCEEDINGS{10.4108/eai.5-8-2020.2301130,
        author={Akhmad  Darmawan and Bima Cinintya Pratama and Yudhistira Pradhipta Aryoko and Dinda Intan Vistyan},
        title={The Effect of Profitability, Debt Policy, And Liquidity on Corporate Values with Dividend Policy as Moderating Variables},
        proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020,  5 - 6 August 2020, Purwokerto, Indonesia},
        publisher={EAI},
        proceedings_a={ICBAE},
        year={2020},
        month={10},
        keywords={profitability debt policy liquidity dividend policy and firm value},
        doi={10.4108/eai.5-8-2020.2301130}
    }
    
  • Akhmad Darmawan
    Bima Cinintya Pratama
    Yudhistira Pradhipta Aryoko
    Dinda Intan Vistyan
    Year: 2020
    The Effect of Profitability, Debt Policy, And Liquidity on Corporate Values with Dividend Policy as Moderating Variables
    ICBAE
    EAI
    DOI: 10.4108/eai.5-8-2020.2301130
Akhmad Darmawan1,*, Bima Cinintya Pratama1, Yudhistira Pradhipta Aryoko1, Dinda Intan Vistyan1
  • 1: Faculty of Economics and Business, University of Muhammadiyah Purwokerto
*Contact email: akhmaddarmawan@ump.ac.id

Abstract

This research aimed to determine the effect of profitability, debt policy, and Liquidity on firm values with dividend policy as moderated variables. The subject in this research uses manufacturing companies listed on the Indonesia Stock Exchange. The data used are secondary in the form of annual reports in 2016 - 2018. The sampling technique used in this research was purposive sampling. Forty-two companies meet the criteria as a research sample. Data analysis techniques used in this research is multiple regression analysis using the absolute difference method. The result shows that profitability has a positive and significant effect on firm value. In contrast, debt policy and Liquidity have a negative and significant effect on firm value. The dividend policy can moderate the relationship between profitability and firm value. Dividend policy is able to moderate the relationship between debt policy and firm value. The dividend policy is not able to moderate the relationship between Liquidity and firm value.