AULIA, SALVA (2025) EFEK MODERASI KEBIJAKAN DIVIDEN TERHADAP PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL KONTROL (Studi Kasus Pada Perusahaan yang Terdaftar Pada Sektor Infrastruktur (IDXINFRA) di BEI Tahun 2014-2023). S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
![[img]](https://eprints.untirta.ac.id/style/images/fileicons/text.png) |
Text (SKRIPSI)
SALVA AULIA_5551210101_FULLTEXT.pdf Restricted to Registered users only Download (1MB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_01.pdf Restricted to Registered users only Download (1MB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_02.pdf Restricted to Registered users only Download (468kB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_03.pdf Restricted to Registered users only Download (404kB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_04.pdf Restricted to Registered users only Download (534kB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_05.pdf Restricted to Registered users only Download (220kB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_REF.pdf Restricted to Registered users only Download (215kB) |
|
Text (SKRIPSI)
SALVA AULIA_5551210101_LAMP.pdf Restricted to Registered users only Download (453kB) |
Abstract
This study aims to analyze the effect of profitability (Return on Assets/ROA) and leverage (Debt to Equity Ratio/DER) on firm value (Price to Book Value/PBV), as well as to examine the role of dividend policy (Dividend Payout Ratio/DPR) as a moderating variable. Firm size (SIZE) is included as a control variable. The research focuses on infrastructure sector companies listed on the Indonesia Stock Exchange (IDX) during the 2014–2023 period. The analysis was conducted using multiple linear regression and Moderated Regression Analysis (MRA). The results show that ROA and DER have a significant positive effect on firm value. However, dividend policy does not moderate the effect of either ROA or DER on firm value. Additionally, firm size does not have a significant effect on firm value. These findings indicate that firm value is primarily influenced by financial performance factors such as profitability and leverage, rather than dividend policy or firm size.
| Item Type: | Thesis (S1) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Contributors: |
|
|||||||||
| Additional Information: | Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas (Return on Assets/ROA) dan leverage (Debt to Equity Ratio/DER) terhadap nilai perusahaan (Price to Book Value/PBV), serta menguji peran kebijakan dividen (Dividend Payout Ratio/DPR) sebagai variabel moderasi. Penelitian ini juga menyertakan ukuran perusahaan (SIZE) sebagai variabel kontrol. Objek penelitian adalah perusahaan sektor infrastruktur yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2014–2023. Metode analisis yang digunakan adalah regresi linier berganda dan analisis regresi moderasi (Moderated Regression Analysis/MRA). Hasil penelitian menunjukkan bahwa ROA dan DER berpengaruh positif signifikan terhadap nilai perusahaan. Namun, kebijakan dividen tidak terbukti mampu memoderasi pengaruh ROA maupun DER terhadap nilai perusahaan. Selain itu, variabel kontrol ukuran perusahaan tidak memiliki pengaruh signifikan terhadap nilai perusahaan. Temuan ini menunjukkan bahwa nilai perusahaan lebih banyak dipengaruhi oleh kinerja keuangan seperti profitabilitas dan leverage, dibandingkan kebijakan pembagian dividen maupun ukuran perusahaan. | |||||||||
| Uncontrolled Keywords: | Firm Value, Profitability, Leverage, Dividend Policy, Firm Size Nilai Perusahaan, Profitabilitas, Leverage, Kebijakan Dividen, Ukuran Perusahaa | |||||||||
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management | |||||||||
| Divisions: | 05-Fakultas Ekonomi dan Bisnis 05-Fakultas Ekonomi dan Bisnis > 61201-Program Sarjana Manajemen |
|||||||||
| Depositing User: | Salva Aulia - | |||||||||
| Date Deposited: | 27 Aug 2025 07:32 | |||||||||
| Last Modified: | 27 Aug 2025 07:32 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/52824 |
Actions (login required)
 |
View Item |