The Influence of Profitability, Liquidity, Debt Management, Dividend Policy, Company Size on Consumer Goods Company Value on the Indonesia Stock Exchange
Keywords:
Profitability, Liquidity, Debt Management, Dividend Policy, Company Size , Firm ValueAbstract
This study aims to examine the effect of profitability, liquidity, debt management, dividend policy, company size on consumer goods company value on the Indonesia Stock Exchange. This study used a causal research method and the technical sampling used was a purposive sampling method and obtained a research sample of 32 companies with a research year period of 3 years, namely 2019-2021. The analysis technique used in this study is multiple linear regression analysis. The results of testing the hypothesis on the effect of profitability on firm value is that profitability has a significant positive effect on firm value with the results obtained, namely t-count 4.432 > t-table 1.66123. The results of testing the hypothesis on the effect of liquidity on firm value is that liquidity has a significant negative effect on firm value with the results obtained that is t-count -3.298 > t-table 1.66123. The results of testing the hypothesis on the effect of debt management on firm value is that debt management has a significant positive effect on firm value with the results obtained, namely t-count 2.321 > t-table 1.66123. The results of testing the hypothesis on the effect of dividend policy on firm value is that dividend policy has a significant positive effect on firm value with the results obtained, namely t-count 12.245 > t-table 1.66123. The result of testing the hypothesis on the effect of firm size on firm value is that firm size has no effect on firm value with the results obtained that is t-count 0.822 < t-table 1.66123. The results of simultaneous hypothesis testing, namely profitability, liquidity, debt management, dividend policy, firm size simultaneously affect firm value. The results obtained are F-count 38.685 > F-table 2.311.
References
Adi Putra, AND, & Lestari, PV 2019. The Effect of Dividend Policy, Liquidity, Profitability and Company Size on Company Value Through Dividend Policy. Udayana University Management E-Journal. Vol. 8. No. 5, Pg: 3275.
Erlina, 2008. Business Research Methodology: For Accounting and Management, 2nd Edition, USU Press, Medan.
Fahmi, I. 2015. Financial report analysis. Alphabet.
Ghozali, Imam, 2016. Multivariate Analysis with the SPSS Program, Agency
Diponegoro University Publisher, Semarang.
Harjito, D. Agus and Martono 2014, Financial Management, 2nd Edition, Yogjakarta, Ekonesia.
Heitger, Lester E and, Serge Matulich, 1980. Managerial Accounting, Second edition, McGraw-Hill, New York.
Juliandi, Azuar and Irfan, 2014. Quantitative Research Methodology for Business Sciences, Pioneering Media Citapustaka, Bandung.
Kasmir, 2014. Analysis of the 1st edition of the seventh printing of Financial Statements, PT Raja Grafindo Persada, Jakarta.
Lee, Cheng F and Joseph E. Finnerty, 1990. Corporate Finance Theory, Method and Applications, International Edition, Harcout Brace Javanoch Publisher, New York.
Mardiyati, U., Ahmad, GN, & Putri, R. (2012). The Effect of Dividend Policy, Debt Policy and Profitability on the Value of Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) in the 2005-2010 Period. Indonesian Science Management Research Journal (JRMSI), Vol. 3(1), No. 1.
Modigliani, F and Miller, MH 1963. Corporate Income Taxes and the Cost of Capital: A Correction. American Economic Review, Vol.53 : 433-443.
Novari, PM, & Lestari, PV (2016). The Influence of Company Size, Leverage, and Profitability on Company Value in the Property and Real Estate Sector. Udayana University Management E-Journal. Vol. 5, No. 9, P: 5671–5694.
Riyanto, Bambang, 2004. Fundamentals of Corporate Learning 4th Edition, BPFE, Yogyakarta.
Robbetze, Natasha, Rikus de Villiers, and Lana Harmse, 2017. “The Effect of Earnings Per Share Categories On Share Price Behavior: Some South Africa Evidence”, The Journal of Applied Business Research, Volume 33
Number 1 p. 141-151.
Sembiring, Selvi and Ita Trinawati, 2019. Factors Affecting Company Value. Journal of Business and Accounting, Vol.21, No. 1a-2: 173-184.
Senata, M, 2016. The Effect of Dividend Policy on Company Values Listed on the LQ-45 Index. Journal of Business and Accounting, No.6
Sobirin, Ahmad, 2007. Organizational Culture. UUP STIM YKPN. Yogyakarta
Shamsuddin, Lukman. 2009. Corporate Financial Management: Application Concepts in: Planning, Monitoring, and Decision Making. Rajawali Press. Jakarta
www.idx.co.id
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2023 International Journal of Comparative Accounting And Management Science (IJCAMS)
This work is licensed under a Creative Commons Attribution 4.0 International License.
International Journal of Comparative Accounting And Management Science (IJCAMS)
© 2022
This work is licensed under a Creative Commons Attribution 4.0 International License