Dampak Mediasi Struktur Modal terhadap Hubungan Profitabilitas, Kebijakan Dividen, dan Ukuran Perusahaan serta Nilai Perusahaan

• Main Authors: Zulfa Latifia Hanif, Yulianti Yulianti, Farikha Amilahaq
• Format: Article
• Language: English
• Published: Universitas Islam Sultan Agung Semarang 2020-01-01
• Series: Jurnal Akuntansi Indonesia
• Subjects: profitability; dividend policy; firm size; firm value; capital structure
• Online Access: http://jurnal.unissula.ac.id/index.php/jai/article/view/7789

This research focuses on efforts to increase company value by the level of profitability, dividend policy, and company size. The novelty of the model is to use capital structure as intervening. The population focuses on manufacturing companies that have gone public on the Indonesia Stock Exchange at least from 2012 to 2016, namely as many as 139 companies. While the sampling technique is purposive sampling and obtained by 33 companies. Based on the results of the analysis using path analysis techniques, it can be concluded that the structure model (DER) is not able to mediate the role of profitability (ROE) on firm value (PBV). The dividend policy (DPR) and company size do not have direct implications on the value of the company, but rather through dividend policy as an intermediary. This study found that there is an effect of profitability, dividend policy, and company size on firm value through capital structure as an intervening variable.