THE EFFECT OF LEVERAGE ON FIRM VALUE WITH DIVIDEND POLICY AS MODERATING IN BANKING COMPANIES LISTED ON THE STOCK EXCHANGE

  • Imam Nur Hidayat UNIVERSITAS TRUNOJOYO MADURA
  • Bambang Haryadi Universitas Trunojoyo Madura
Keywords: Profitability, Likuidity, Leverage, Dividen Policy, Firm Value

Abstract

This paper means to analyze the impact of influence on the worth of the organization's profit strategy as an arbitrator in financial organizations recorded on the IDX. The insightful strategy utilized is Multiple Linear Regression Analysis. This investigation utilizes optional information got from yearly reports, banking fiscal summaries. Tests were completed on 23 financial organizations recorded on the IDX in 2014-2018. Influence utilized the Debt to Equity Ratio (DER), and the Dividend Policy utilized the Dividend Payout Ratio (DPR). The reliant variable in this investigation is firm worth which is proxied utilizing Tobin's Q. The outcomes acquired show that influence affects firm worth, profit strategy can direct the impact of influence on firm worth Of course this has a significant influence on the company's image so that the value of the company will rise and affect investor decisions.

References

Apsari, L., & Setiawan, P. E. (2018). Pengaruh Tax Avoidance terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Moderasi. E-Jurnal Akuntansi, 23, 1765. https://doi.org/10.24843/eja.2018.v23.i03.p06

Brigham, E. F. dan H. (2006). Fundamental of FinancialManagement: Dasar-Dasar Manajemen Keuangan. Salemba Empat.

Fahmi, I. (2014). Analisa Kinerja Keuangan. Alfabeta.

Febriana, E., -, D., & Djawahir, A. (2016). Pengaruh Struktur Modal, Kebijakan Dividen, Ukuran Perusahaan,Kepemilikan Saham Manajerial Dan Profitabilitas Terhadap Nilai Perusahaan(Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bei Pada 2011-2013). Ekonomi Bisnis, 21(2), 163–178. https://doi.org/10.17977/um042v21i2p163-178

FELICIA, & ARWINA KARMUDIANDRI. (2019). Pengaruh Corporate Governance Dan Karakteristik Perusahaan Terhadap Nilai Perusahaan. Jurnal Bisnis Dan Akuntansi, 21(2), 195–204. https://doi.org/10.34208/jba.v21i2.623

Foley, S. P. (1981). Traffic generated by shopping centres in Adelaide ( Australia). In Australian Road Research (Vol. 11, Issue 2).

Ghozali, I. (2011). Aplikasi Analisis Multivariate Dengan Program SPSS. Badan Penerbit Universitas Diponegoro.

Gultom, R., Agustina, A., & Wijaya, S. W. (2013). Analisis Faktor Faktor yang Mempengaruhi Nilai Perusahaan Farmasi. Jurnal Wira Ekonomi Mikroskil, 3(1), 51–60.

Hadianto, M. L. (2013). Analisis Pengaruh kinerja Keuangan Terhadap Nilai Perusahaan Dengan Pengungkapan CSR Dan GCG Sebagai Variabel pemoderasi. Skripsi Universitas Diponegoro, 1–76.

Handojo, I. (2007). The 1 st Accounting Conference The 1 st Accounting Conference. The 1st Accounting Conference, November, 1–18.

Harahap, S. S. (2004). Badan Penerbit Universitas Diponegoro. Rajagrafindo Persada.

Hendra. (2018). Vol. 1 No.1 Edisi 2 Oktober 2018 http://jurnal.ensiklopediaku.org Ensiklopedia of Journal. Ensiklopedia Of Journal, 1(1), 1–5.

Husnan. (2009). Manajemen Keuangan Teori dan Penerapan Keputusan Jangka Panjang. Badan Penerbit Universitas Diponegoro.

Indrarini, S. (2019). Nilai Perusahaan Melalui Kualitas Laba ; (Good Governance dan Kebijakan Perusahaan). Scopindo Media Pustaka.

Kasmir. (2012). Analisis Laporan Keuangan. PT. Raja Grafindo Persada.

Keintjem, M. C. A., Saerang, I. vonne S., & Maramis, J. B. (2020). Terhadap Nilai Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2017. 8(4), 448–456.

Krisnawati, E., & Miftah, M. (2019). Pengaruh Kebijakan Dividen, Kebijakan Hutang Dan Profitabilitas Terhadap Nilai Perusahaan Manufaktur. Equity, 18(2), 181. https://doi.org/10.34209/equ.v18i2.467

Lease, Ronald C, Kase John, Avner Kalay Uri Lowenstein, O. S. (1999). Dividen Policy. Its Impact on Firm Value. Harvard Business School Press.

Nor Hadi. (2013). Pasar Modal : Acuan Teoretis dan Praktis Investasi di Instrument Keuangan Pasar Modal. Graha Ilmu.

Skousen, K. Fred, Earl K, Stice, and J. D. S. (2000). Intermediate Accounting, 14 th ed. Skousen, K. Fred, Earl K, Stice, and James D. Stice.

sugiono. (2009). Metode Penelitian Kuantitatif Kualitatif. Alvabeta.

Suyanto, K. D., & Supramono. (2012). Likuiditas, Leverage, Komisaris Independen, Dan Manajemen Laba Terhadap Agresivitas Pajak Perusahaan. Jurnal Keuangan Dan Perbankan, 16(2), 167–177. http://jurkubank.wordpress.com

Tahir, A., & Raja, N. (2014). Impact of Dividend Policy on Shareholder Wealth. IOSR Journal of Business and Management, 16(1), 24–33. https://doi.org/10.9790/487x-16152433

Wild, S. K. R. dan J. J. (2014). . Analisi Laporan Keuangan. Salemba Empat.
Published
2022-03-31
Abstract viewed = 6 times
PDF downloaded = 3 times