Abbas, Dirvi Surya and Ismail, Tubagus and Taqi, Muhamad and Yazid, Helmi (2021) DOES COMPANY'S SOURCE OF CAPITAL SIGNAL INCREASING COMPANY VALUE: A CASE STUDY OF BASIC INDUSTRIAL AND CHEMICAL COMPANIES. Academy of Accounting and Financial Studies Journal, 25 (5). pp. 1-10. ISSN 10963685, 15282635

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Abstract

The purpose of this study was to determine the effect of Dividend Policy, Debt Policy, Capital Structure, and Liquidity on Firm Value. The independent variables used in this study are Dividend Policy, Debt Policy, Capital Structure, and Liquidity. While the dependent variable in this study is the company's value as measured by Tobin's Q. The population of this study is a Manufacturing Company in the Basic and Chemical Industry, which is listed on the Indonesia Stock Exchange (IDX) and publishes financial statements for the 2015 – 2019 period. The population is 80 companies using the purposive sampling method obtained eight samples of companies that meet the criteria, with 40 data observations. This study uses panel data regression analysis with the help of the Eviews 9.0 program. The results of this study indicate that, partially, debt and liquidity policies hurt firm value. Meanwhile, Dividend Policy and Capital Structure do not affect Firm Value. Keywords: Company Value, Dividend Policy, Debt Policy, Capital Structure, Liquidity.

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