Majapahit Journal of Islamic Finance and Management
Vol. 5 No. 1 (2025): Islamic Finance and Management

The Effect of Profitability, Leverage, and Liquidity on Company Value with Dividend Policy as a Moderating Variable

Putri, Dewi Diana (Unknown)
Hidayat, Rendra Arief (Unknown)

Article Info

Publish Date
23 Jun 2025

Abstract

This study analyzes the effect of profitability, liquidity, and leverage on firm value and evaluates the role of dividend policy as a moderating variable. This quantitative study uses data from 21 textile and garment sub-sector manufacturing companies on the IDX for the 2019–2023 period selected through purposive sampling. The analysis was conducted using multiple linear regression and MRA using SPSS 30. The results showed that profitability, leverage, and liquidity had a significant positive effect on firm value. Dividend policy moderates the effect of profitability and liquidity, but not leverage.

Copyrights © 2025




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Majapahit Journal of Islamic Finance and Management
Website

Abbrev

majapahit

Publisher

Universitas KH. Abdul Chalim

Subject

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

Description

Majapahit Journal of Islamic Finance and Management (MJIFM) is a journal published by Sharia Economics Study Program Institut Pesantren KH. Abdul Chalim Mojokerto, Indonesia twice a year (June and December). As the name implies, the journal brings two major themes, namely Islamic Finance and ...