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  DOI Prefix   10.20431


 

International Journal of Managerial Studies and Research
Volume 6, Issue 10, 2018, Page No: 55-69

The Effect of Profitability, Liquidity, Leverage and Firm Growth of Firm Value with its Dividend Policy as a Moderating Variable

Ardina Zahrah Fajaria*, Isnalita

Airlangga University, Indonesia

Citation : Ardina Zahrah Fajaria, Isnalita, The Effect of Profitability, Liquidity, Leverage and Firm Growth of Firm Value with its Dividend Policy as a Moderating Variable International Journal of Managerial Studies and Research 2018 , 6(10) : 55-69.

Abstract

This study aims to examine the effect of profitability, liquidity, leverage, and company growth on firm value, with dividend policy as a moderating variable, as well as Firm Size as a control variable. This research was conducted with documentation method, as well as sampling purposive sampling technique. This study was processed using the SPSS program, totaling 396 observations with data. Where the population is 146 manufacturing companies listed on the Stock Exchange during the period from 2013 to 2016, and the number of samples amounted to 108, 106, 94 and 112 companies, respectively. Profitability and high growth company are proven to increase of Firm Value, but liquidity and high leverage are proven to reduce Firm Value.


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