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Journal : JOURNAL OF BUSINESS AND ECONOMICS RESEARCH (JBE)

Pengaruh Profitabilitas, Leverage, dan Good Corporate Governance terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Pemoderasi Sanusi, Anwar; Alteza, Muniya; Hidayah, Nuri Lesmono
Journal of Business and Economics Research (JBE) Vol 6 No 3 (2025): October 2025
Publisher : Forum Kerjasama Pendidikan Tinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47065/jbe.v6i3.6393

Abstract

This research examines the determinants of firm value: profitability, leverage, and corporate governance. In addition, the research examines dividend policy as a moderating factor in the determinants of firm value. The research was conducted on food and beverage companies listed on the Indonesia Stock Exchange during 2018-2022. The approach used is quantitative with an associative causality method. Sample collection was done using a purposive sampling method, resulting in 19 companies. The data obtained is unbalanced panel data with a total of 91 observations. Data analysis uses moderated regression analysis techniques. The research results prove that partially profitability, leverage, and corporate governance each have a positive and significant influence on firm value. Dividend policy moderates the influence of profitability, leverage, and corporate governance on firm value. Simultaneous testing shows that there is a goodness of fit of the model to explain the firm value.