Analisis Pengaruh Ukuran Perusahaan, Profitabilitas, Struktur Modal dan Risk Profile terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Pemoderasi pada Perusahaan Perbankan di Bursa Efek Indonesia Periode 2013-2022

Abstract

The purpose of this study is to examine and analyze the influence of company size, profitability, capital structure, and risk profile on firm value with dividend policy as a moderation variable in banking companies listed on the Indonesia Stock Exchange for the 2013-2022 period. The purpose of this study is to examine and analyze the influence of company size, profitability, capital structure, and risk profile on firm value with dividend policy as a moderation variable in banking companies listed on the Indonesia Stock Exchange for the 2013-2022 period. This research was conducted based on information obtained on the Indonesia Stock Exchange. The sampling technique uses purposive sampling. The population in this study is 49 banking companies listed on the Indonesia Stock Exchange for the 2013-2022 period, with a sample of 11 companies and 110 observations. Hypothesis testing uses panel data regression analysis using the E-Views application. The results of this study show that profitability and capital structure have a positive and significant effect on the firm's value. Meanwhile, company size and risk profile have no effect on the firm's value. Dividend policy is able to strengthen the influence of capital structure on firm value, dividend policy is able to weaken the influence of risk profile on firm value. However, dividend policy are not able to moderate the size of the company and profitability to the value of the firm.