CD Skripsi
Pengaruh Likuiditas, Solvabilitas, Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2015-2017
ABSTRACT
The purpose of this research were to analyze the effect of liquidity, solvency,and profitability of the corporate’s value with dividend policy as moderation. Population on this research is all companies listed in Indonesia Stock Exchange (IDX) year 2015-2017 except banking, insurance and other financial institutions. This research sample was selected using the purposive sampling method, there are 108 companies which fulfilling criterion as this research sample. The corporate’s value measured using Tobin’s Q, liquidity using quick ratio (QR), solvency using Debt to Equity Ratio (DER), profitability using Return On Equity (ROE), and dividend policy using Dividend Payout Ratio (DPR). The analysis method of this research is multiple regression analysis and moderated regression analysis while hypothesis test has been done by using SPSS 25 version. The result of this research shows that, liquidity has no significant effect to the corporate’s value, solvency has significant negative effect to the corporate’s value , profitability has significant positive effect to the corporate’s value, liquidity moderated by dividend policy has no significant effect on corporate’s value, solvency moderated by dividend policy has significant effect on corporate’s value, and profitability moderated by dividend policy has significant effect on corporate’s value.
Keywords : Liquidity, Solvency, Profitability, Dividend Policy, and Corporate’s Value.
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