The Effect Of Profitability, Liquidity, Leverage, And Company Size On Firm Value With Dividend Policy As A Moderating Variable

Ibrahim Bin Muhammad Firdaus(1*), Fatmasasri Sukesti(2)


(1) Universitas Muhammadiyyah Semarang
(2) Universitas Muhammadiyah Semarang
(*) Corresponding Author

Abstract


This study aims to examine the effects of profitability, liquidity, leverage, and firm size on firm value with dividend policy as a moderating variable. The research subjects are companies in the food and beverage sector for the period 2022–2024. This study employs a quantitative approach using secondary data in the form of annual financial statements. The sampling technique used is purposive sampling. Data analysis was conducted using multiple linear regression and Moderated Regression Analysis (MRA). The results indicate that profitability and liquidity have a significant positive effect on firm value. Leverage does not have a significant effect on firm value. Firm size has a significant negative effect on firm value. Dividend policy does not strengthen or weaken the effects of profitability, liquidity, leverage, and firm size on firm value.

Keywords: Profitability, Liquidity, Leverage, Firm Size, Dividend Policy, Firm Value

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References


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DOI: https://doi.org/10.26714/vameb.v22i2.21082

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