Overview

Original Research

PROFITABILITY AND LEVERAGE ANALYSIS OF CONSUMER GOODS TO COMPANY VALUE WITH DIVIDEND POLICY AS INTERVENING VARIABLE

EMBUN PROWANTA

Vol 17, No 08 ( 2022 )   |  DOI: 10.5281/zenodo.7014726   |   Author Affiliation: Postgraduate, Perbanas Institute, Jakarta, Indonesia   |   Licensing: CC 4.0   |   Pg no: 1380-1387   |   To cite: EMBUN PROWANTA. (2022). PROFITABILITY AND LEVERAGE ANALYSIS OF CONSUMER GOODS TO COMPANY VALUE WITH DIVIDEND POLICY AS INTERVENING VARIABLE. 17(08), 1380–1387. https://doi.org/10.5281/zenodo.7014726   |   Published on: 20-08-2022

Abstract

This study aims to examine and analyze the effect of profitability and leverage on firm value and to analyze whether dividend policy can mediate the relationship between profitability and leverage on firm value. The population in this study were 62 companies included in the consumer goods index during the 2016-2020 period. This research method uses purposive sampling, so 21 companies are obtained and use a statistical program called SmartPLS version 3. The results of this study show that profitability and leverage have a significant positive effect on dividend policy, profitability has a significant positive effect on firm value, while leverage has no effect on firm value. Dividend policy has no effect on firm value and does not mediate between profitability and leverage on firm value.

Keywords

Profitability, Leverage, Dividen Policy, Firm Value