Siregar, Wahyu Nanda Pratama
Asosiasi Dosen Akuntansi Indonesia

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FACTORS AFFECTING COMPANY VALUE WITH DIVIDEND POLICY AS A VARIABLE MODERATING IN MANUFACTURING COMPANIES CONSUMPTION GOODS INDUSTRIAL SECTOR IN INDONESIA STOCK EXCHANGE Siregar, Wahyu Nanda Pratama
International Journal of Public Budgeting, Accounting and Finance Vol 2 No 2 (2019): Journal of Public Budgeting, Accounting and Finance
Publisher : Asosiasi Dosen Akuntansi Indonesia

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Abstract

This reasearch is for examine and analyze the effect of debt policy, invesment decision, free cash flow, profitability, and liquidity to the company value partially and simultantly in consumer goods industry company listed in Bursa Efek Indonesia (Indonesia Stocks Exchange). And to examine and analyze dividend policy ability moderate the correlation between the variables of debt policy, invesment decision, free cash flow, profitability, and liquidity to the company value partially and simultantly in consumer goods industry company listed in indonesia Stocks Exchange. Population in this reaseacrh is goods industry company listed in Bursa Efek indonesia in 2012-2016. from 34 companies as the population, 11 companies are gotten as the sample by purposive sampling. Analyzing methode that is used in this reasearch is analysis of  double linear regresion and residual test.The test result of first hypotheses simultantly shows that debt policy (DER), invesment decision (TAG), free cash flow (FCF), profitability (ROA), and liquidity (CR) affect significantly to the company value. And partially shows that variable of debt policy (DER), and profitability (ROA) affect positive significantly to company value. However, variable of invesment decision (TAG), free cash flow (FCF) and liquidity (CR) partially don’t affect to company value. The test result of second hypotheses shows that dividend policy (DPR) doesn’t able to moderate the correlation between debt policy (DER), invesment decision (TAG), free cash flow (FCF), profitability (ROA), and liquidity (CR) to the company value in consumer goods industry company listed in indonesia Stocks Exchange in 2012-2016.