WIHELMINA, WINNA (2025) PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING (Studi Kasus Pada Perusahaan Yang Terdaftar Di Idx30 Periode 2017-2024). S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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Abstract
This study aims to analyze more deeply the effect of profitability proxied by Return on Assets (ROA) on firm value measured using Price to Book Value (PBV) with dividend policy proxied by Dividend Payout Ratio (DPR) as an intervening variable. The research was conducted on companies included in the IDX30 index during the observation period from 2017 to 2024. The research method used a quantitative approach with path analysis techniques that can describe both direct and indirect effects between variables. Data were obtained from the annual financial statements published on the Indonesia Stock Exchange (IDX). The results show that ROA has a significant positive effect on PBV, ROA also positively affects DPR, and DPR significantly affects PBV. Furthermore, DPR is proven to mediate the effect of ROA on PBV. These findings reinforce the signaling theory that high profitability provides positive signals to investors, especially if accompanied by stable dividend policies. This study also provides practical implications for company management in formulating strategies to increase firm value.
| Item Type: | Thesis (S1) | |||||||||
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| Additional Information: | Penelitian ini bertujuan untuk menganalisis secara lebih mendalam pengaruh profitabilitas yang diproksi dengan Return on Assets (ROA) terhadap nilai perusahaan yang diukur menggunakan Price to Book Value (PBV) dengan kebijakan dividen yang diproksi oleh Dividend Payout Ratio (DPR) sebagai variabel intervening. Penelitian ini dilakukan pada perusahaan yang tergabung dalam indeks IDX30 selama periode observasi tahun 2017 hingga 2024. Metode penelitian menggunakan pendekatan kuantitatif dengan teknik analisis jalur (path analysis) yang dapat menggambarkan baik pengaruh langsung maupun pengaruh tidak langsung antar variabel. Data diperoleh dari laporan keuangan tahunan perusahaan yang diterbitkan di Bursa Efek Indonesia (BEI). Hasil penelitian menunjukkan bahwa ROA memiliki pengaruh positif signifikan terhadap PBV, ROA juga berpengaruh positif terhadap DPR, serta DPR terbukti berpengaruh positif terhadap PBV. Lebih lanjut, DPR terbukti memediasi pengaruh ROA terhadap PBV. Temuan ini memperkuat signaling theory yang menyatakan profitabilitas yang tinggi memberi sinyal positif kepada investor terutama bila disertai dengan kebijakan dividen yang stabil. Penelitian ini juga memberikan implikasi praktis bagi manajemen perusahaan dalam menetapkan strategi untuk meningkatkan nilai perusahaan. | |||||||||
| Uncontrolled Keywords: | Dividend Payout Ratio (DPR), IDX30, Price to Book Value (PBV), Return on Assets (ROA), Signaling Theory Dividend Payout Ratio (DPR), IDX30, Price to Book Value (PBV), Return on Assets (ROA), Signaling Theory | |||||||||
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management | |||||||||
| Divisions: | 05-Fakultas Ekonomi dan Bisnis > 61201-Program Sarjana Manajemen 05-Fakultas Ekonomi dan Bisnis |
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| Depositing User: | Mrs Winna Wihelmina | |||||||||
| Date Deposited: | 29 Sep 2025 01:56 | |||||||||
| Last Modified: | 29 Sep 2025 01:56 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/55011 |
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