Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal MANAJEMEN DEWANTARA
Azzahra Putri Herdiyanti
Universitas Pembangunan Nasional "Veteran" Jawa Timur
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
ANALISIS NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SUBSEKTOR FOOD AND BEVERAGE DI BURSA EFEK INDONESIA PERIODE 2022-2025 Azzahra Putri Herdiyanti; Muhadjir Anwar
MANAJEMEN DEWANTARA Vol 10 No 3 (2026): MANAJEMEN DEWANTARA
Publisher : Universitas Sarjanawiyata Tamansiswa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30738/md.v10i3.23257

Abstract

This study aims to analyze the effect of dividend policy on firm value, the effect of capital structure on firm value, the role of profitability in moderating the effect of dividend policy on firm value, and the role of profitability in moderating the effect of capital structure on firm value. The sample consisted of 29 Food and Beverage subsector companies listed on the Indonesia Stock Exchange during the 2022-2025 period, resulting in a total of 116 observations selected using purposive sampling. This study employed a quantitative approach using secondary data obtained from the companies’ annual financial reports. Data were analyzed using Moderated Regression Analysis (MRA) with IBM SPSS Statistics 27. The results indicate that dividend policy has a negative and significant effect on firm value, while capital structure has a positive and significant effect on firm value. Profitability moderates the effect of dividend policy on firm value and profitability moderates the effect of capital structure on firm value. These findings suggest that company management should consider profitability when determining dividend policy and capital structure to enhance firm value. In addition, investors may use profitability as an important consideration in making investment decisions.
Co-Authors Muhadjir Anwar