PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN DIMODERASI KEBIJAKAN DEVIDEN

  • Ahmad Nur Aziz universitas PGRI madiun
  • Erma Wulan Sari universitas PGRI madiun

Abstract

The purpose of this study is to determine the effect of profitability, leverage and liquidity on the value of companies with dividend policies as moderate variables in LQ45 indexed companies in 2014-2018. This type of research is quantitative with purposive sampling techniques. The sample results obtained are 7 companies with historical data of 5 years. Analysis techniques using linear regression analysis and MRA. The results of this study show that profitability, leverage and liquidity simultaneously and in part have a positive effect on the value of the company. dividend policy is not able to moderate the effect of profitability on the value of the company but is able to moderate by strengthening the influence of leverage and liquidity on the value of the company

Downloads

Download data is not yet available.

References

Abrar, B., Ghazyla, R., & Arisandi, D. (2019). Analysis the Impact of Profitability, Liquidity, Leverage and Company Size on Dividend Policy. Indonesian Management and Accounting Research, 16(2). https://doi.org/10.25105/imar.v16i2.4676

Agustina, L., & Suryandari, D. (2017). Financial Performance and Firm Value: Does Internet Financial Reporting Moderate the Relationship in Indonesian Manufacturing Companies? IJASOS- International E-Journal of Advances in Social Sciences, April 2017, 263–263. https://doi.org/10.18769/ijasos.309685

Aldi, M. F., Erlina, E., & Amalia, K. (2020). Pengaruh Ukuran Perusahaan, Leverage, Profitabilitas Dan Likuiditas Terhadap NILAI Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Pada Perusahaan Industri Barang Konsumsi Yang Terdaftar Di BEI Periode 2007-2018. Jurnal Sains Sosio Humaniora, 4(1), 264–273. https://doi.org/10.22437/jssh.v4i1.9921

Anggraeni, M. D. P., & Sulhan, M. (2020). Pengaruh Profitabilitas dan Leverage Terhadap Nilai Perusahaan Dengan Kebijakan Deviden Sebagai Variabel Moderasi. Jurnal Ilmu Manajemen Dan Akuntansi Terapan (JIMAT), 11(1), 100–112.

Arikunto, S. (2010). Prosedur Penelitian (14th ed.). Rineka Cipta.

Chasanah, A. N., & Adhi, D. K. (2017). Profitabilitas, Struktur Modal dan Likuiditas Pengaruhnya Terhadap Nilai Perusahaan Pada Perusahaan Real Estate yang Listed di BEI (Profitability, Capital Structure and Liquidity Influence on Corporate Value on Listed Real Estate Companies in BEI, 2012-20. Fokus Ekonomi, 12(2), 131–146.

Hardani, D. (2020). Buku Metode Penelitian Kualitatif dan Kuantitatif (Husnu Abadi (ed.); 1st ed.). Pustaka Ilmu.

Hariyani, D. S., Ratnawati, T., & Rahmiyati, N. (2021a). The Effects of Macroeconomics, Dividend Policy, Good Financial Governance on Corporate Value: Moderation of CSRD. International Journal of Scientific and Research Publications (IJSRP), 11(4), 303–309. https://doi.org/10.29322/ijsrp.11.04.2021.p11240

Hariyani, D. S., Ratnawati, T., & Rahmiyati, N. (2021b). The Relationship Between Company Value and Good Financial Governance : Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Busines, 8(7), 447–456. https://doi.org/10.13106/jafeb.2021.vol8.no7.0447

Hotma Mentalita, Iskandar Muda, K. (2019). THE EFFECT OF LIQUIDITY, PROFITABILITY, LEVERAGE AND CORPORATE SOCIAL RESPONSIBILITY ON COMPANY VALUE WITH DIVIDEND POLICY AS A MODERATING VARIABLE (EMPIRICAL STUDY IN LQ45 COMPANIES LISTED ON IDX). Journal of Public Budgeting, Accounting and Finance, Vol. 2 No.(Budgeting, Accounting and Finance), 1–8.

Jariah, A. (2016). Likuiditas, Leverage, Profitabilitas Pengaruhnyaterhadap Nilai Perusahaan Manufaktur Di Indonesia Melalui Kebijakan Deviden. Riset Akuntansi Dan Keuangan Indonesia, 1(2), 108–118. https://doi.org/10.23917/reaksi.v1i2.2727

Mery, K., Zulbahridar, Z., & Kurnia, P. (2017). Pengaruh Likuiditas, Leverage Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2014. Jurnal Online Mahasiswa Fakultas Ekonomi Universitas Riau, 4(1), 2000–2014.

Michael C.Jensen, W. H. M. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics Volume 3, Issue 4, October 1976, Pages 305-360, 3(4), 305–360. https://doi.org/10.1177/0018726718812602

Nurchaqiqi, R., & Suryarini, T. (2018). Accounting Analysis Journal The Effect of Leverage and Liquidity on Cash Dividend Policy with Profitability as Moderator Moderating. Accounting Analysis Journal, 7(1), 10–16. https://doi.org/10.15294/aaj.v5i3.18631

Prasetya, A. W., & Musdholifah. (2020). Pengaruh Likuiditas Profitabilitas dan Leverage Terhadap Nilai Perusahaan yang Dimoderasi Oleh Kebijakan Dividen. 8.

Puspitasari, D. G., Hariyani, D. S., & Dessyarti, R. S. (2021). Pengaruh Variabel Makroekonomi Terhadap Kinerja Keuangan Pada Perusahaan BUMN Di Indonesia Tahun 2017-2019. Jurnal Bisnis Net Volume, IV(1), 25–34. https://doi.org/DOI: https://doi.org/10.46576/bn.v4i1.1318

Putu Sukarya dan Gede Kajeng Baskara. (2019). TERHADAP NILAI PERUSAHAAN SUB SEKTOR FOOD AND Fakultas Ekonomi dan Bisnis Universitas Udayana , Bali , Indonesia Persaingan bisnis yang sangat ketatdi era globalisasi pada kurun waktu ini tidak bisa terlepaskan dari adanya pengaruh perkembangan lingkungan. E-Jurnal Manajemen Unud Vol.8 No.1 2019, 8(1), 7399–7428.

Rahmasari, D. R., Suryani, E., & Oktaryani, S. (2019). Pengaruh Leverage Dan Likuiditas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Intervening. Jurnal Sosial Ekonomi Dan Humaniora, 5(1), 66–83. https://doi.org/10.29303/jseh.v5i1.34

Setiyono, W., Hariyani, D. S., & Wijaya, A. L. (2018). Analisis Pengaruh Faktor Fundamental Terhadap Return Saham. Jurnal Kajian Akuntansi, 2(2), 123–133. http://jurnal.unswagati.ac.id/index.php/jka

Sondakh, R. (2019). the Effect of Dividend Policy, Liquidity, Profitability and Firm Size on Firm Value in Financial Service Sector Industries Listed in Indonesia Stock Exchange 2015-2018 Period. Accountability, 8(2), 91. https://doi.org/10.32400/ja.24760.8.2.2019.91-101

Sugiyono. (2014). Metode Penelitian Kombinasi (Mixx Metods) (Sutopo (ed.); 5th ed.). ALFABETA.

Tahu, G. P., & Susilo, D. D. B. (2017). Effect of Liquidity , Leverage and Profitability to The Firm Value (Dividend Policy as Moderating Variable) in Manufacturing Company of Indonesia Stock Exchange. Research Journal of Finance and Accounting, 8(18), 89–98.

Utama, I. M. D. P., & Dana, I. M. (2019). Pengaruh Dividen, Utang, Dan Profitabilitas Terhadap Nilai Perusahaan Property Di Bursa Efek Indonesia (Bei). E-Jurnal Manajemen Universitas Udayana, 8(8), 4927. https://doi.org/10.24843/ejmunud.2019.v08.i08.p08

Published
2021-11-07
Section
Articles