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Original Research

THE IMPACT OF FINANCIAL PERFORMANCE AND MACROECONOMIC ON COMPANY VALUE

PARTOGIAN SORMIN 1, MULYADI NOTO SOETARDJO 2, and TASYA SALFIRA 3.

Vol 18, No 04 ( 2023 )   |  DOI: 10.17605/OSF.IO/DMJU7   |   Author Affiliation: Faculty of Economics and Business, Universitas Pelita Harapan 1,2,3.   |   Licensing: CC 4.0   |   Pg no: 2039-2059   |   Published on: 29-04-2023

Abstract

The purpose of this study was to determine the impact of profitability, leverage, interest and inflation on company value with capital structure as moderating variable. The object of study are companies in the non-cyclical consumer goods industry that were listed on the Indonesia Stock Exchange (IDX) between 2016 and 2020. Analysis was conducted with multiple regression analysis. The study's findings demonstrate that firm value is affected simultaneously by interest and inflation and financial performance. After that, leverage can make a company's value more proportional to its gross profit margin and dividend payments. This study used leverage as a moderating variable, and the results were able to strengthen the connection between dividend payout and profit margin on firm value.


Keywords

Profitability, Leverage, Dividend Payout, Interest Rate, Inflation, Company Value