The Effect Of Profitability And Leverage On Company Value With Dividend Policy As A Mediating Variable In Consumer Non-Cyclicals Companies Listed On The Indonesia Stock Exchange Period 2018 - 2024
DOI:
https://doi.org/10.33751/jhss.v10i1.162Keywords:
Profitability, Leverage, Dividend Policy, Company ValueAbstract
This study aims to determine the influence of profitability and leverage on company value with dividend policy as a mediating variable in non-cyclical consumer sector companies listed on the Indonesia Stock Exchange. The sample used in this study is 10 companies with a research period of 2018 - 2024. This study uses secondary data, with a sampling technique in the form of purposive sampling. The data processing or analysis methods used are classical assumption testing, panel data regression analysis, and hypothesis tests using the t test, F test, and Sobel test. The data processing tool used is EViews 14. Based on the results of the study, it is known that profitability has a positive and significant effect on the company's value, while leverage and dividend policy do not have a significant effect on the company's value. In addition, profitability and leverage have no significant effect on dividend policy. The results of the mediation test showed that the dividend policy was unable to mediate the influence of profitability and leverage on the company's value
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