Fokus Ekonomi
Vol. 21 No. 1 (2026): June 2026

The Moderating Role of Dividend Payout Ratio on Price of Book Value

Paramita, Patricia Dhiana (Unknown)
Adhi, Daniel Kartika (Unknown)
Nurkholik, Nurkholik (Unknown)



Article Info

Publish Date
02 Jul 2026

Abstract

Thel purpose ofl this researchl is tol examine andl analyze thel influence ofl Debt tol Equity lRatio, Currentl Ratio andl Return onl Assets partially onl Price of Bookl Value and thel role ofl on Pricel of Bookl Value and thel role of Dividend Payout Ratio in moderating thel influence ofl Debt tol Equity lRatio, Currentl Ratio andl Return onl Assets onl Price of Bookl Value.Thel research object is Food and Beverage Companies listedl on thel Indonesia Stockl Exchange froml 2020 tol 2024. Al population ofl 100 was selectedl using purposive sampling, resultingl in 16 companies. Datal analysis wasl performed usingl multiple linearl regression andl Moderated Regressionl Analysis (lMRA).Thel results ofl the study showl that Debtl to Equityl Ratio, Currentl Ratio andl Return onl Assets partially havel a positivel and significant effectl on Pricel of Bookl Value. The findings of the moderation test prove that the Dividend Payout Ratio strengthens thel influence ofl the Debtl to Equityl Ratio, Currentl Ratio andl Return onl Assets onl Price of Bookl Value. Inl conclusion, Price of Book Value can be achieved by Food and Beverage Companies by improving thel Debt tol Equity lRatio, Currentl Ratio andl increasing Returnl on lAssets, so that itl can attract investors tol invest and inl decision making and dividend policies pay attention to financial flexibility in achieving good company performance for both internal and external parties.

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Journal Info

Abbrev

fe

Publisher

Subject

Economics, Econometrics & Finance

Description

Fokus Ekonomi : Jurnal Ilmiah Ekonomi (e-ISSN: 2549-8991, P-ISSN : 1907-6304) is an open access and peer-reviewed journal published by STIE Pelita Nusantara Semarang, Indonesia. This Journal published twice a year (June and December).The scope of journal is: Economic, Management, ...