Tarigan, Dewiati
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ANALYSIS OF FACTORS AFFECTING THE FIRM VALUE WITH DIVIDEND POLICY AS MODERATING VARIABLES IN MANUFACTURING SUBSECTORS OF CONSUMPTION GOODS LISTED IN INDONESIA STOCK EXCHANGE IN 2012-2017 Tarigan, Dewiati
International Journal of Public Budgeting, Accounting and Finance Vol 2 No 3 (2019): Journal of Public Budgeting, Accounting and Finance
Publisher : Asosiasi Dosen Akuntansi Indonesia

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Abstract

This study aims to determine the effect of firm growth, leverage, profitability and corporate social responsibility (CSR) on firm value in the consumer goods sub-sector manufacturing companies listed on the Indonesia Stock Exchange. And to see whether dividend policy can moderate the relationship between firm growth, leverage, profitability and corporate social responsibility to firm value. Previous studies of earnings management have shown different results. Therefore, other research needs to be done to re-examine theories about firm value. The research data were obtained from sample companies downloaded from the Indonesia Stock Exchange website. The data analysis technique used is descriptive statistical analysis and multiple regression analysis. The data analysis process is done first is descriptive statistics, the classic assumption test, multiple regression analysis and then hypothesis testing. The results of this study partially indicate that leverage and profitability have a positive and significant effect on firm value. While the firm growth and corporate social responsibility do not affect the firm value. The results of this study simultaneously firm growth, leverage, profitability and corporate social responsibility together significantly affect firm value. And dividend policy cannot moderate the relationship between firm growth, leverage, profitability and corporate social responsibility to firm value.