CD Tesis
Kinerja Keuangan, Kebijakan Dividen, Dan Nilai Perusahaan: Pengungkapan Manajemen Risiko Sebagai Pemoderasi
The research was conducted at companies in the consumer goods industry
sector that were listed on the Indonesia Stock Exchange (IDX) for 2017-2020. The
aim is to determine the effect of financial performance, dividend policy on firm
value which is moderated by risk management disclosures. The population of this
research is all companies in the goods and consumer goods industry sector that
are listed on the IDX in 2017-2020 with a total sample of 37 companies. The
variables used are liquidity (current ratio), capital structure (debt to equity ratio),
profitability (return on assets), dividend policy (dividend payout ratio) to firm
value (price book value) with disclosure of risk management as moderation. The
data analysis technique uses multiple linear regression analysis and Moderated
Regression Analysis (MRA).
The results show that there is an effect of financial performance, dividend
policy on firm value and risk management disclosures are able to moderate the
effect of capital structure, profitability, dividend policy on firm value and
disclosure risk management is not able to moderate the effect of liquidity on firm
value.
Key Words : Financial performance, dividend policy, ERM, Company Value
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