IIJSE
Vol 8 No 2 (2025): Sharia Economics

The Influence of Funding Decisions, Dividend Policies, and Market Value on Firm Value with Profitability as an Intervening Variable in Consumer Non-Cyclicals Listed on the Indonesian Stock Exchange

Sibleni, Winda (Unknown)
Hariyanto, Dedi (Unknown)
Safitri, Heni (Unknown)



Article Info

Publish Date
06 Jun 2025

Abstract

This study aims to look at the influence of funding decisions, dividend policy, and market value on firm value with profitability as an intervening variable on consumer non-cyclical companies listed on the Indonesia Effectssa. The results of the path analysis obtained equation 1: Z = 8,345 - 2,856 X1 - 0.001 X2 + 1,226 X3 and equation 2: Y: 837,156 - 0.004 X1 + 8,862 X2 + 5,010 X3 + 93,745 Z. The results of the correlation coefficient test (R) show that the variables of financing decisions, dividend policy and market value have a very weak relationship with the profitability variable, while the variables of financing decisions, dividend policy, and market value on the variable of firm value with profitability as the intervening variable have a fairly strong relationship. The t-test results show that the funding decision variable, dividend policy and market value do not have a partial effect on profitability and the dividend policy variable with profitability as an intervening variable partially affects the firm value, while the funding decision and market value through profitability as intervening variables do not have a partial effect on the firm value. For further research, it is advisable to include additional variables, such as corporate governance, management decisions, market conditions, or investor sentiment, to provide a more in-depth understanding of the factors that influence firm value.

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Journal Info

Abbrev

iijse

Publisher

Subject

Economics, Econometrics & Finance

Description

The Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) is Sharia Economics Journal published by Sharia Economics Department Institut Pesantren KH. Abdul Chalim, Mojokerto. The Journal focuses on the issues of Sharia Economics, the History of Islamic Economic Thought, Islamic Law, Local ...