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Research Article Open access CC BY 4.0

The Effect of Dividend Policy, Liquidity and Profitability on Company Value

Serlindawati, Mariyam Chairunisa

Asian Journal of Economics, Business and Accounting · pp. 469–475 · Published 10 Apr 2024

10.9734/ajeba/2024/v24i51323

Abstract

Aims: This research aims to analyze the influence of dividend policy, company liquidity and company profitability on company value in manufacturing companies Place and Duration of Study: This research uses a sample of manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange for the 2017 - 2021 period. Methodology: Researchers use causal quantitative methods with secondary data sources. The method used is the purposive sampling method. The total population in this study was 72 manufacturing companies in the sub-food and beverage consumer goods industrial sector and 18 companies were selected as samples with observation data of 90 samples. This research uses descriptive analysis techniques, classical assumption tests, model feasibility tests and multiple linear regression analysis using SPSS version 25 statistical software as a tool to process data and provide conclusions. Conclusion: The results of this research show that dividend policy and profitability have a positive effect on company value, while liquidity does not have a positive effect on company value.

Dividen policy liquidity profitability company value

Cited by 4

Determinants of Stock Price Volatility: The Role of Sustainability Disclosure in Manufacturing Firms

Denny Putri Hapsari Denny, Denny Kurnia Denny · Reviu Akuntansi Manajemen dan Bisnis · 2026

IMPLIKASI KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, LIKUIDITAS, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Marischa Aulia Dewi, Widya Febryari Anita · Bilancia : Jurnal Ilmiah Akuntansi · 2025

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