Motivasi: Jurnal Manajemen dan Bisnis
Vol. 10 No. 2 (2025): MOTIVASI: JURNAL MANAJEMEN DAN BISNIS

Dividend Policy, Investment Decisions, and Firm SIze: Do They Matter for Firm Value? Evidence from IDX High Dividend 20

Moch. Qolba Faradea (Universitas Muhammadiyah Palembang, Indonesia)
Abid Djazuli (Universitas Muhammadiyah Palembang, Indonesia)
Fadhil Yamaly (Universitas Muhammadiyah Palembang, Indonesia)



Article Info

Publish Date
01 Nov 2025

Abstract

Purpose - This study aims to determine the influence of Dividend Policy, Investment Decisions, and Firm Size on Firm Value in High Dividend 20 Index Companies on the Indonesia Stock Exchange. Design/methodology - The research method used is associative. The sample consists of 18 High Dividend 20 Index companies listed in 2024 for the period 2019–2023. The data used is secondary data obtained from the official website (www.idx.co.id) or the respective company websites. The data collection method employed in this study is document analysis. The data analysis technique used is quantitative analysis to examine Dividend Policy, Investment Decisions, and Firm Size. Statistical analysis is then conducted using Financial Analysis, Classical Assumption Tests, Multiple Linear Regression, and Hypothesis Testing, which includes the F-test and t-test. Findings - The results of this study indicate that Dividend Policy, Investment Decisions, and Firm Size collectively have a significant influence on Firm Value. Additionally, Dividend Policy and Investment Decisions each have a significant partial influence on Firm Value. However, Firm Size does not have a significant influence on Firm Value in High Dividend 20 Index Companies listed on the Indonesia Stock Exchange.

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Journal Info

Abbrev

motivasi

Publisher

Subject

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

Description

Motivasi Jurnal Manajemen dan Bisnis is journal that publishes scientific articles in the fields of management and business sciences covering the fields of financial management, human resource management, marketing management, operational management and management information systems that are ...