Research Article
Determine Company’s Value Moderate by Dividend Policy: Indonesian Stock Exchange Issuers LQ45 2017-2020 Period
@INPROCEEDINGS{10.4108/eai.7-10-2021.2316781, author={Irham Lihan and Ririn Nafisa Ulfa and Nurul Husna}, title={Determine Company’s Value Moderate by Dividend Policy: Indonesian Stock Exchange Issuers LQ45 2017-2020 Period}, proceedings={Proceedings of the 4th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2021, 7 October 2021, Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICEBE}, year={2022}, month={4}, keywords={firm value profitability company growth dividend policy}, doi={10.4108/eai.7-10-2021.2316781} }- Irham Lihan
Ririn Nafisa Ulfa
Nurul Husna
Year: 2022
Determine Company’s Value Moderate by Dividend Policy: Indonesian Stock Exchange Issuers LQ45 2017-2020 Period
ICEBE
EAI
DOI: 10.4108/eai.7-10-2021.2316781
Abstract
Company value is one thing that must always be considered and managed properly. Because in practice, data or information on the issuer company’s market value will be used by several parties (stakeholders) in making decisions. This research aimed to determine profitability and company’s growth that moderated by dividend policy variable. Population in this research that were all issuers included in the LQ45 index for the 2017-2020 period and samples were taken using purposive sampling method and 19 issuers were obtained. The technique for data analysis used Moderated Regression Analysis. This research showed the result that profitability, company growth, and dividend policy have a positive effect on company’s value. In addition, the dividend policy is able to moderate the effect of profitability on company value, but is not able to moderate the effect of company growth of LQ45 issuers listed on the Indonesian Stock Exchange for the 2017-2020 period.
