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Pengaruh Return On Asset Dan Debt to Equity Ratio pada Nilai Perusahaan dengan Kebijakan Deviden Sebagai Variabel Intervening Mutia Rahmi Putri; Fitri Yeni; Agam Mei Yudha
Economic Reviews Journal Vol. 3 No. 1 (2024): Economic Reviews Journal
Publisher : Masyarakat Ekonomi Syariah Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56709/mrj.v3i1.146

Abstract

This research investigates how Return On Assets and Debt-to-Equity Ratio influence Company Value by using dividend policy as a mediator. The focus is on manufacturing companies listed on the Indonesia Stock Exchange (BEI) from 2018 to 2022, with a sample of 46 companies selected through purposive sampling from a population of 214. Panel data regression analysis is used for analysis. The research results show that Return on Assets has an impact on dividend policy, as does the Debt-to-Equity Ratio. Both Return on Assets and Debt-to-Equity Ratio partially influence company value, as does dividend policy. However, neither Return On Assets nor Debt-to-Equity Ratio have a significant effect on Company Value through dividend policy as a mediating variable. Furthermore, dividend policy does not mediate the relationship between Return on Assets and Debt-to-Equity Ratio on Company Value.