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Journal : JAKED

Kebijakan Dividen dalam Memediasi Profitabilitas dan Leverage terhadap Nilai Perusahaan Manufaktur di Bursa Efek Indonesia Ida Ayu Ratih Manuari; I Gede Cahyadi Putra; Ni Luh Yonny Kaswari
JURNAL AKUNTANSI DAN KEUANGAN DAERAH Vol 17 No 1 (2022): Mei
Publisher : Jurnal Akuntansi dan Keuangan Daerah

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (438.722 KB) | DOI: 10.52062/jaked.v17i1.2328

Abstract

The main goal of companies that have gone public is to maximize the value of the company. Firm value is an investor's view of the level of success of the company's management in managing the resources that have been entrusted to him in one period after going through several process activities over the years which are closely related to stock prices. The purpose of this study is to determine the role of dividend policy in mediating the effect of profitability and leverage on firm value in manufacturing companies listed on the Indonesia Stock Exchange for the period 2018-2020.The sample in this study used manufacturing companies listed on the Indonesia Stock Exchange, totaling 48 companies for 3 years of observation so that the total observations were 144. The sampling used purposive sampling technique. The data analysis technique used is Partial Least Square with the help of SmartPLS 3.0 as a calculation tool.The results showed that profitability and leverage had no effect on firm value. Profitability has a positive effect on dividend policy. Dividend policy has a positive effect on firm value. Leverage has no effect on dividend policy. Policy is able to mediate the relationship between profitability and firm value, while dividend policy is not able to mediate the relationship between leverage and firm value.
Co-Authors Agung Prajanto Anak Agung Putu Gede Bagus Arie Susandya Andre Silvester, Laoh Ayu Anggreni, Ni Kadek Daniel Raditya Tandio Darmawan, I Putu Aditya Surya Diah Kumalasari, Putu Edy Septian Santosa, Made Eni Indriani Gede Bagus Brahma Putra Hananingrum, Ni Luh Putu Grace Hayu Wikan Kinasih I Dewa Ayu Oktaviani Putri I Gede Cahyadi Putra I Gede Cahyadi Putra I Gede Cahyadi Putra I Gede, Cahyadi Putra I Gusti Ngurah Bagus Gunadi I Kadek Bagiana I Made Wahyu Wijaya I Putu Angga Santika Ida Ayu Nyoman Yuliastuti Ita Puspita Dewi, Ni Wayan Jayatri, Luh Dwi Kadek Santhi Dwi Trisnawati Kadek Silvana Intan Dwi Pratiwi Laoh, Andre Luh Komang Merawati Luh Putri Mas Mirayani M Doni Permana Putra Machmuddah, Zaky Made, Laksmi Sena Hartini Munidewi, Ida Ayu Budhananda Ni Kadek Ayu Diana Putri Ni Kadek Dewi Puspayanti Ni Kadek Handayani Ni Kadek Vina Angelica Putri Ni Ketut Emayanti Ni Komang Janitri Pratiwi Ni Luh Devi Yuniantari Ni Luh Nyoman Sherina Devi Ni Luh Yonny Kaswari Ni Made , Karisma Indiani Ni Made Adelia Andika Putri Ni Made Dwi Ariani Ni Made, Karisma Indiani Ni Putu Yuria Mendra Ni Putu, Tiara Maharani Krisna Putri Ni Putu, Widya Wati Nida, Desak Rurik Pradnya Paramitha Pande Eka Setiawati, Luh Pande, I Wayan Bagus Putri Kiara Citra Putu Ayu Diah Widari Putri Putu Diah Kumalasari Putu Kepramareni Putu Novidiyanti Putu Sughi Indah Dharmayanti Putu, Ayu Diah Widari Putri Rastamiari, I Gusti Ayu Eka Putri RR. Maria Yulia Dwi Rengganis Wina Cahyani, Komang Yura Karlinda Wiasa Putri Yuria Mendra, Ni Putu