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Journal : SINTESA

The Effect Of Debt Policy On Company Value In Manufacturing Companies On The Indonesia Stock Exchange Nurmala, Anita; Reni, Reni; Agustina, Rina; Kandias, Rhakean; Suhartini, Shanti
SINTESA Vol. 16 No. 1 (2025): Sintesa
Publisher : SINTESA

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Abstract

The value of a company can be understood as market value. This is because when the stock price of a company rises, the market value can maximally provide prosperity to shareholders. High debt usage can also lower the value of the company due to the potential emergence of bankruptcy costs and agency costs. The aim of this research is to test the consistency of previous research findings and analyze the impact of debt policy on company value. The number of samples used is 15 companies, using a non-probability sampling method, specifically purposive sampling technique. The analysis technique employed is the Interaction Test or Moderated Regression Analysis (MRA). Overall, the results indicate that the DER variable does not have a significant effect on PBV. If the debt policy decreases by one unit, it results in a decrease in company value.
Co-Authors Adhim, Muhammad Fauzan Adhriani, Sofia Adventus, Adventus Afkar, Taudikhul Afriana, Meri Agung Nugroho Agustin, Abelia Alam, Wira Yudha Alfaroji, Muhammad Arif Alrefi Alrefi, Alrefi Anggini RH, Putri Diah Anjani, Rini Asep Kadarohman Bambang Eka Purnama Dona Wahyuning Laily DWI RAHMAWATI Dyah Lituhayu Elly Wahyudin Erfi Prafiantini Fardillah, Ayu Hafarinto, Bagus Hanapiah, Siti Hardiana, Iyan Heru Cahyono Hidayati, Clarisa Anjani Hidayati, Riska husen husen Imam Sujadi Indri Handayani, Indri Ira Vahlia Jamaludin . Jazim Jazim, Jazim Kandias, Rhakean Kardha, Putu Chandra Dewi Lestari Octavia lina marlina, lina Lubis, Anissa Rachmawati Marlian, Zulfan Mastri, Annisa Mayasari, Maryati Mefrie Puspita Minarsi, Minarsi Muhammad Aswad Muhammad Irfan Nazla, Luluwatun Nego Linuhung Nizah, Binta Luthfiana Nur'aini, Silva Nurain Suryadinata NURDIYANTO, AGUS Nuriavani, Dina Nurmala, Anita Nurul Farida Octavia, Armelinda Octavia, Icca Palupi, Jenny Intan Pangadi Pangadi Pramesthi, Indriya Laras Prasmita Dian Wijayati Putri, Isma’ Arifatul Rahma Rahmawati, Rahmawati Ramadani, Dyah Nisvi Ramawanto, Al Fatia Rizki Reni Reni, Reni Riska Riska Risma Margaretha Sinaga Rizka Maulida Rizqi, Nov Rochlik, Genisa Gading Ropiah, Hani Siti Rustam, Vina Awalia Sahendra, Yani Sari, Okky Lupita Saryani Satrio Wicaksono Sudarman Selvi Loviana Sholihah, Lini Anisfatus Siti Nurhaliza Siti Nurlaila, Siti Sri Suwitri Suarliza, Mona Sugiharti Mulya Handayani Suhartini, Shanti Sukadi . Sumiati Susi Widiawati, Susi Syahida, Ridha Izzah Tarigan, Elda Dita Felysa br Tassia, Fransisca tiara anggia dewi, tiara anggia Wahyu Kristiningrum Wahyudi Wahyudi WAHYUNI Wahyuningtias, Fahmawati Widhia Nugraha, Qatrunnada Yeni Rahmawati ES Yeni Rahmawati ES, Yeni Rahmawati Yovsyah Yovsyah Yuniari, Airin Zulkhidda