Al-Ihtiram: Multidisciplinary Journal of Counseling and Social Research
Vol 4, No 2 (2025)

FINANCIAL PERFORMANCE IN PREDICTING THE VALUE OF SYARIAH STOCK OF FOOD AND BEVERAGES COMPANIES: THE ROLE OF DIVIDEND POLICY AS MODERATION [KINERJA KEUANGAN DALAM MEMPREDIKSI NILAI SAHAM SYARIAH PERUSAHAAN MAKANAN DAN MINUMAN: PERAN KEBIJAKAN DIVIDEN SEBAGAI MODERASI]

Aisah, Nurul (Unknown)
Rofifudin, Farid Muhammad (Unknown)
Rahmawati, Nur (Unknown)



Article Info

Publish Date
28 Oct 2025

Abstract

This study aims to analyze financial performance in predicting stock value and offers a new perspective by exploring how dividend policy can strengthen or weaken the influence of financial performance on the stock value of Sharia Food and Beverages Stock companies. This type of research uses a quantitative approach. Data analysis used in this study is using panel data regression with a purposive sampling method. The population in this study were 7 food and beverage sector companies in the sharia stock category in 2018-2023. While the sample in this study was the annual financial reports of 7 food and beverage sector companies in the sharia stock category in 2018-2023 as many as 42 data. And the results of the hypothesis test show that the ROA, Current Ratio, DER and TATO variables have a significant positive effect on Stock Price, in addition, dividend policy is able to moderate the effect of the Current Ratio, DER and TATO variables on Stock Price. However, dividend policy does not moderate the effect of the ROA variable on Stock Price. This finding implies that the company's financial performance in general has an important role in determining investor perceptions of the company's stock value. Thus, company management needs to pay attention to increasing the efficiency of asset use (TATO), liquidity (Current Ratio), and capital structure (DER), as well as the ability to generate profits (ROA) to attract investor interest and encourage an increase in share prices

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Journal Info

Abbrev

alihtiram

Publisher

Subject

Religion Humanities Astronomy Decision Sciences, Operations Research & Management Earth & Planetary Sciences Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice

Description

Al-Ihtiram: Multidisciplinary Journal of Counseling and Social Research is a double-blind peer-reviewed multidisciplinary journal published by Perkumpulan Ahli Bimbingan Konseling Islam Indonesia. The journal disseminates the conceptual thoughts, ideas, and research results that have been achieved ...