The Influence of Profitability and Capital Structure on Company Value with Dividend Policy as a Moderating Variable in Consumer Companies which is listed on the Indonesian Stock Exchange for the 2018-2021 Period
Abstract
This research aims to examine and analyze the company value of consumer companies listed on the Indonesian Stock Exchange. The variables tested include Profitability, Capital Structure, Company Value with Dividend Policy as a Moderating variable. This research involves consumer companies listed on the Indonesia Stock Exchange during the 2018-2021 period. Sample selection was carried out using the purposive sampling method. The data used is external data, obtained from the site www.idx.co.id. The data analysis process was carried out using PLS Algorithm calculations using SmartPLS and then hypothesis testing was carried out. Results. Research shows that Profitability has a positive relationship towards Company Value, Capital Structure has no effect on Company Value, Dividend Policy is unable to mediate the influence of Profitability and Car Structure on Company Value.
References
Ghozali. 2014. Structural Equation Modeling, Alternative Method with Partial Least Square. Semarang: Diponegoro University Publishing Agency.
Husnan and Pudjiastuti. 2015. Basics of Financial Management. Seventh Edition. Yogyakarta: Publishing and Printing Unit (UPP STIM YKPN).
Morrisan. 2014. Survey Research Methods. Jakarta: Kencana.
Sartono. 2012. Financial Management Theory and Application. Fourth Edition. Yogyakarta: BPFE Yogyakarta.
Sudana. 2015. Theory & Practice of Corporate Financial Management. Jakarta: Erlangga.
Sugiyono. 2012. Business Research Methods. Sixteenth Printing. Bandung: Alphabeta.
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Copyright for this article is retained by the author(s), with first publication rights granted to the journal. This is an open-access article distributed under the terms and conditions of the Creative Commons Attribution license (https://creativecommons.org/licenses/by-nc-nd/4.0/).
