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IJSDR
INTERNATIONAL JOURNAL OF SCIENTIFIC DEVELOPMENT AND RESEARCH
International Peer Reviewed & Refereed Journals, Open Access Journal
ISSN Approved Journal No: 2455-2631 | Impact factor: 8.15 | ESTD Year: 2016
open access , Peer-reviewed, and Refereed Journals, Impact factor 8.15

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Impact factor: 8.15

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Paper Title: The Effect of Capital Structure And Profitability On Firm Value With Dividend Policy As Intervening Variable
Authors Name: Sheila Puteri Diliyanti , Meina Wulansari Yusniar
Unique Id: IJSDR2002073
Published In: Volume 5 Issue 2, February-2020
Abstract: One of the supporting factors for economic growth of the country is the role of manufacturing sector. The manufacturing sector grows quietly fast and it cannot be separated from the factors that influence the firm value, which is including capital structure, profitability and dividend policy. This study aims to analyze the effect of capital structure and profitability on firm value with dividend policy as an intervening variable in manufacturing companies that listed on the Indonesia Stock Exchange (IDX). The research method that used in this study is path analysis to analyze some research variables with direct and indirect effect. Population of this study are all manufacturing companies that listed on the Indonesia Stock Exchange (IDX) for the period of 2013 - 2017 which have the needed variables in the study, with the sample of 20 companies that selected using purposive sampling method. The research hypothesis was tested by Partial Least Square (PLS) analysis technique which processed using the SmartPLS 3 program. The results of the study show that there is an effect of profitability on firm value and the effect of profitability on dividend policy. The results also show that there is no effect of capital structure on firm value, capital structure on dividend policy, dividend policy on firm value, capital structure on firm value through dividend policy as an intervening variable, and there is no effect of profitability on firm value with dividend policy as intervening variable.
Keywords: Capital Structure, Profitability, Dividend Policy, Firm Value
Cite Article: "The Effect of Capital Structure And Profitability On Firm Value With Dividend Policy As Intervening Variable", International Journal of Science & Engineering Development Research (www.ijsdr.org), ISSN:2455-2631, Vol.5, Issue 2, page no.427 - 436, February-2020, Available :http://www.ijsdr.org/papers/IJSDR2002073.pdf
Downloads: 000337070
Publication Details: Published Paper ID: IJSDR2002073
Registration ID:191411
Published In: Volume 5 Issue 2, February-2020
DOI (Digital Object Identifier): http://doi.one/10.1729/Journal.23143
Page No: 427 - 436
Publisher: IJSDR | www.ijsdr.org
ISSN Number: 2455-2631

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