Febriani Florentin Sinaga
Universitas Mercu Buana
DOI: https://doi.org/10.19184/bisma.v13i1.7550
ABSTRACT
This study aims to analyze the effect of debt policy, dividend policy, and company growth on company value, with profitability as the intervening variable, in the finance companies listed on the Indonesia Stock Exchange (IDX). The population of this study was all finance companies listed on IDX for the period of 2015 and 2016. The purposive sampling method was used in this study with the sample consisted of 12 finance companies. Data used were financial data sourced from the website of IDX. Data were analyzed using path analysis with two equations, i.e., the factors affecting company value and the factors affecting company profitability. Results of the study showed that debt policy, dividend policy, company growth, and profitability have no significant effect on company value. This study also found that debt policy and company growth have no significant effect on profitability, while dividend policy significantly affects profitability.
Keywords: Debt policy, dividend policy, company growth, profitability
Published
2019-03-26
Issue
Vol. 13 No. 1 (2019) Bisma: Jurnal Bisnis dan Manajemen
Pages
43-51
License
Copyright (c) 2025 Bisma: Jurnal Bisnis dan Manajemen