Title: The Effect of Profitability, Liquidity, Leverage and Firm Growth of Firm Value with its Dividend Policy as a Moderating Variable
Authors: Ardina Zahrah Fajaria, Isnalita
Affiliations : Airlangga University, Indonesia
Publisher: ARC Publications
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 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. Company profitability and high growth are proven to increase Firm Value, but liquidity and high leverage are proven to reduce Firm Value.
Keywords: Profitability, Liquidity, Leverage, Firm Growth, Dividend Policy, Firm Size, Firm Value
