Lead Journal of Economy and Administration
Vol 1 No 4 (2023): Lead Journal of Economy and Administration (LEJEA), May 2023

The Influence Of Profitability, Liquidity, Leverage, And Dividend Policy On Investor Response: Firm Size As A Moderation

Anggita Ika Lilyani (Higher school of economics Indonesia Surabaya)
Akhmad Riduwan (Higher school of economics Indonesia Surabaya)
Bambang Suryono (Higher School of Economics Indonesia Surabaya)



Article Info

Publish Date
31 May 2023

Abstract

This study aimed to examine the effect of profitability, liquidity, leverage, and dividend policy on investors’ response; with firm size as the moderating variable. Moreover, the study was quantitative. The data collection technique used purposive sampling. In line with that, there were 334 samples from 39 Property and Real Estate companies listed on the Indonesia Stock Exchange during 2012-2021. Furthermore, the data analysis technique used multiple linear regression. As the result concluded that (a) profitability had a positive effect on investors’ response;(b) liquidity had a positive effect on investors’ response; (c) leverage did not affect investors’ response; (d) dividend policy did not affect investors’ response; (e) firm size was not able to moderate the effect of profitability on investors’ response; (f) firm size was able to moderate positively the effect of liquidity on investors’ response; (g) firm size was not able to moderate the effect of leverage on investors’ response; and (h) firm size was not able to moderate the effect of dividend policy on investors’ response.

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Journal Info

Abbrev

Lejea

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Lead Journal of Economy and Administration is a periodical scientific journal published based on scientific journal principles aimed at publishing scientific works resulting from research, development and literature studies in the field of economy and administration, and scope this journal: Macro ...