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Journal : Jurnal Ilmu Akuntansi dan Bisnis Syariah (AKSY)

DOES FIRM VALUE MATTER? EMPIRICAL EVIDENCE FROM INDONESIA Putro, Guruh Marhaenis Handoko; Imawan, Amrizal; Megasyara, Ira; Febrianti, Devi
Jurnal Ilmu Akuntansi dan Bisnis Syariah (AKSY) Vol. 6 No. 2 (2024): Jurnal Ilmu Akuntansi dan Bisnis Syariah
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/aksy.v6i2.34719

Abstract

The COVID-19 pandemic has hurt the entire government and corporate financial system, making it difficult for businesses to distribute dividends. During the COVID-19 epidemic, this study examines the possible impact of financial statements on firm value by considering dividend policy as a moderating factor. This research employs a quantitative methodology, utilizing purposive sampling techniques and secondary data. The sample data includes all public companies listed on the Indonesia Stock Exchange between 2020 and 2022. There are 127 sample data. We conducted the test using SmartPLS software. Researchers looked at three financial parameters: profitability, leverage, and liquidity. The research results show that leverage and profitability, not liquidity, can influence firm value. The impact of dividend policy on the relationship between profitability and company value is evident, while it does not affect leverage or liquidity. To identify this problem accurately, the researchers used signal theory to get accurate results in identifying this problem. We hope the research results will alert investors to exercise caution when purchasing shares, particularly in manufacturing companies.
Co-Authors Abdul Kadir Jaelani Adri Wihananto Agasta, M. Dovan Yulian Akbar, Najikhul Amrizal Imawan Anisah, Al Khoridatul Anugrah, Meilinda Dwi Astuti, Suryani Yuli Ayunda, Nimas Bokhari, Khairiati Dermawan, Muhammad Farhan Edy Firza Erfan, Rabbil Evada Dewata Dewata Fajriyah, Naza Rahma Farihatul Bait, Jennifer Farisa, Sofi Alya Fauziyah, Galis Nurul Firnanda, Risma Difa Hadi, Ibadurrahman Al Handoko Putro, Guruh Marhaenis Hasdi, Vipin Shelina Holyness Nurdin Singadimedja Imawan, Amrizal Indah Tri Purwanti Ira Megasyara Isumarni, Isumarni Jauhari, Hadi Jumiati Jumiati Kirani, Septya Ninda M.A. Muazar Habibi Mas'adah, Ninik Maulida, Putri Maza, Angelica Al’maliki Saliha Mei Fita Asri Untari Mustanir, Ahmad Nafis, Rafidatun Naskhi, Rifqi Ahmad Sandi Nikmatus Sholikha, Nikmatus Ningtiyas, Clara Trininta Ayu Ninik Mas'adah Nurhalizah Nurhasanah Nurhasanah Nurlaelah Nurlaelah, Nurlaelah Nurwidah, Andi Oktarini, Kurnia Widya Oktaviani, Arida Putra, M. Dwi Putri, Dewi Arimbi Tri Jaya Putri, Lisa Feby Meliana Putro, Guruh Marhaenis Handoko R Kasau, Nurzin Rahmanisyah, Suci Rohimah, Sania Isti Rumiri Rotua Aruan, Rumiri Rotua Salsabila, Zakia Malika Salsabilah, Imroatus Salsabilla, Zhalva Saputri, Ulfah Tika Septiabuyani, Olvi Shobirin, Irgi Siti Khusnul Khotimah, Siti Khusnul Sukarso, AA. Suryani Yuli Astuti Suyitno Suyitno Tamrin, Muh Utama, Andi Putra Wahyuningsih, Yulie Wibowo, Muhammad Arif Wicaksono, Gelora Habibie Winata, Wiyorika Septia Wisnu Wardana, Aris Yayuk Astuti Yuliana Sari Zaki Baridwan Zulkifli