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Journal : JIMEKA

KEBIJAKAN DIVIDEN SEBAGAI PEMODERASI: STRUKTUR MODAL DAN NILAI PERUSAHAAN Budiadnyani, Ni Putu; Dewi, Pande Putu R. Aprilyani; Prena, Gine Das
Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi Vol 9, No 3 (2024): Agustus 2024
Publisher : Accounting Departement Economics and Business Faculty Syiah Kuala University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimeka.v9i3.31264

Abstract

A firm's market value is a vital measure that encapsulates its overall operational performance and appeals to investors. Optimizing the capital structure can enable companies to bolster their value proposition and appeal to investors. This study investigates the relationship between capital structure and firm value, with the potential for dividend policy to act as a moderating factor. Comprehending the interplay between these elements is crucial in shaping the company's capital decisions and their subsequent impact on enhancing its market value. The research was conducted online through the official website of the Indonesia Stock Exchange, focusing on all Consumer Goods Companies listed on the IDX from 2020 to 2022. Purposive sampling was used to determine the study's sample. The analysis employed linear regression and moderate regression analysis methods with the assistance of SPSS for Windows statistical application. The findings suggest that capital structure does not affect firm value. Interestingly, this result implies that dividend policy may diminish the impact of capital structure on firm value. These insights underscore the significance of aligning funding strategies with appropriate dividend policies to maximize firm value and appeal to investors.
Co-Authors A.A Kt Alit Supryadinata Anak Agung Ayu Astari Fana Anasthasia Marsha Baru Ayu Evitasari Ayu, I Gusti Bella Oktaviana Darma, I Putu Rai Putra Dewi, Ni Kadek Sri Gayatri Dewi, Pande Putu R. Aprilyani Dewi, Putu Purnama Fredy Maradona, Agus Gusi Putu Lestara Permana I Gede Cahyadi Putra I Gede Iwan Muliyawan I Gusti Ayu Agung Omika Dewi I Gusti Ayu Agung Pradnya Dewi I Gusti Ayu Agung Pradnya Dewi I Gusti Ayu Diah Utari I Gusti Ngurah Widya Hadi Saputra I Kadek Arya Wibawa Saputra I Nengah Wirsa I Putu Angga Purnamayanta I Wayan Angga Sudiartama Ida Ayu Nyoman Yuliastuti Ida Bagus Putra Pradnyana Kadek Linda Kusnita Karina , Ni Kadek Ketut Tanti Kustina Komang Ani Tri Cahyanti Krisnanda, Rama Adi Kusmawan, Reynaldi Mulyana Lailatul Fitria Luh Gede Putri Kusuma Pekerti Made Pradnya Susila Margina, Rista Agustin Millawati Milawati Ni Kadek Sri Gayatri Dewi Ni Luh Gde Novitasari Ni Made Listiyani Kartika Ni Putu Ayu Riskiani Ni Putu Ayu Sulasmi Ni Putu Budiadnyani Ni Putu Budiadnyani Ni Putu Diah Sinthia Dewi Ni Putu Ega Yulianti Utami Pertiwi, Ni Made Marlynia Sukma Puhantania Putuhena Putri, Ni Putu Pradnya Sugiantari Putu Deviyanti Putri Putu Pande R. Aprilyani Dewi Putu Purnama Dewi Putu Sri Arta Jaya Kusuma Putu Viona Prameswari Dewi Putu, Ni Luh Rai Mita Rosita Dewi, Kadek Rama Adi Krisnanda Reynaldi Mulyana Kusmawan Santika, Kadek Sinta Septiani, Ni Kadek Ayu Putri Sri Kesuma Dewi Nareswari Supryadinata, A.A Kt Alit Susila, Made Pradnya Utari, I Gusti Ayu Diah Wangi Fitriani