The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022

Ni Ketut Puspita Gayatri ; Naniek Noviari
International Journal of Management Research and E... 📅 2024 Vol 2, No 4 🔗 DOI: 10.54066/ijmre-itb.v2i4.2236
Abstract
Corporate value is an important concept for investors in evaluating the overall performance of a company for shareholders and other stakeholders. The value of a company that is proxied to the stock price makes the company try to maximize the value of the company by maximizing the stock market price. The company's value also takes into account external factors that affect the company's performance. These are such as market conditions, industrial competition, and government regulations. The purpose of this study is to determine the influence of leverage, profitability, and investment opportunity set, on the value of companies with dividend policy as a moderator. The population of this study is 719 non-financial companies listed on the Indonesia Stock Exchange in 2019-2022. The selection of samples in this study was carried out using the purposive sampling method so that the number of samples in this study amounted to 204 samples. The data analysis technique uses Moderated Regression Analysis (MRA). The results of the study show that partially the variables of leverage, profitability, and investment opportunity set affect the company's value. Meanwhile, the interaction between the variables of disclosure of leverage, profitability, investment opportunity set and dividend policy variables shows that leverage, profitability, and investment opportunity set are not able to moderate the influence of leverage, profitability, and investment opportunity set on the value of companies in non-financial companies listed on the Indonesia Stock Exchange for the 2019-2022 period.
Keywords
Leverage; Profitability; Investment Opportunity Set; Company Value; Dividend Policy
How to Cite

Ni Ketut Puspita Gayatri & Naniek Noviari (2024). The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022. International Journal of Management Research and Economics, 2(4). https://doi.org/10.54066/ijmre-itb.v2i4.2236

Ni Ketut Puspita Gayatri; Naniek Noviari, "The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022," International Journal of Management Research and Economics, vol. 2, no. 4, 2024.

Ni Ketut Puspita Gayatri; Naniek Noviari. "The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022." International Journal of Management Research and Economics, vol. 2, no. 4, 2024.

Ni Ketut Puspita Gayatri; Naniek Noviari. "The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022." International Journal of Management Research and Economics 2, no. 4 (2024).

Ni Ketut Puspita Gayatri & Naniek Noviari (2024) 'The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022', International Journal of Management Research and Economics, 2(4). doi: 10.54066/ijmre-itb.v2i4.2236.

Ni Ketut Puspita Gayatri; Naniek Noviari. The Effect of Leverage, Profitability, and Investment Opportunity Set on Company Value with Dividend Policy as a Moderating Variable: Study on Non-Financial Companies in 2019-2022. International Journal of Management Research and Economics. 2024;2(4).

Artikel Terkait

The Influence Of K-Pop Artist As Brand Ambassador On Affecting Purchasing Decision and Brand Loyalty (A Study Of Scarlett Whitening’s Consumers in Indonesia)

Bonita Pardede; Atik Aprianingsih

Implementation Of Hr Strategy On Employee Development, Involvement In Collaborative And Participatory Approach

Surya Kusumah; Dila Fitriani; Satriadi Satriadi

HR Performance Improvement Based on Talent Management, Servant Leadership and Organizational Commitment

Satriadi Satriadi; Ersa Cahyu Marcelyna; Rahmanisa Rahmanisa; Marhalinda Marhalinda; Sumardin Sumardin

Analysis Of The Application Of Financial Accounting Standards Of Entities Without Accountability Public At The Cooperative Of Employees Of The Republic Of Indonesia

Catur Kumala Dewi

Performance-Focused Human Resource Development In IT Consulting Firms

Umi Kulsum; Titin Ruliana; Nurfitriani Nurfitriani; Heriyanto Heriyanto

Bibliometric Studies In The Use Of Technology And Social Media For Marketing

Eka Yudhyani
Tren Sitasi Jurnal