PENGARUH PROFITABILITY, LIQUIDITY, DAN LEVERAGE TERHADAP FIRM VALUE DENGAN DIVIDEND POLICY SEBAGAI VARIABEL MODERASI

Abstract

This study aims to examine the effect of profitability, liquidity, and leverage as factors that affect the value of the company with dividend policy as a variable of moderation. This type of research uses quantitative methods. Sampling technique in this study using purposive sampling method based on predetermined criteria obtained 55 sample data from 11 samples of food and beverage companies listed on the Indonesia Stock Exchange for 5 periods in 2017-2021, while data analysis using multiple Linear regression analysis method using SPSS 20. The results showed that variable profitability, leverage, and the interaction of profitability with dividend policy positively affect the value of the company, variable liquidity and dividend policy negatively affect the value of the company, and variable leverage and the interaction of liquidity and leverage with dividend policy does not affect the value of the company.