Dividend Policy, Liquidity and Company Growth on Company Value in Pharmaceutical Companies
View Article
Suplementary File

Supplementary Files

Similarity Check Result

Keywords

Firm Value
Dividend Policy
Liquidity
Company Growth

How to Cite

Lukmawati, E., & Hariasih, M. (2023). Dividend Policy, Liquidity and Company Growth on Company Value in Pharmaceutical Companies. Indonesian Journal of Innovation Studies, 21, 10.21070/ijins.v21i.781. https://doi.org/10.21070/ijins.v21i.781

Abstract

This study aims to examine the effect of Dividend Policy, Liquidity, and Company Growth on Firm Value. The approach used in this research is a quantitative approach. The population in this study is pharmaceutical companies listed on the Indonesia Stock Exchange. The sample in this study was 6 companies listed on the Indonesia Stock Exchange in 2016-2020 so that the data processed were 30 data with a sampling method using purposive sampling. The data used in this study is secondary data taken from the Indonesia Stock Exchange. The data analysis used is Eviews version 9. The results of this study indicate that simultaneously there is a significant influence between Dividend Policy, Liquidity, and Company Growth on Firm Value. While partially dividend policy has no effect on firm value, while liquidity has an effect on firm value and firm growth has a negative effect on firm value.

https://doi.org/10.21070/ijins.v21i.781
View Article
Suplementary File

References

D. Ekaprastyana and S. Anwar, “The Effect of Earning Per Share and Debt to Asset Ratio on Firm’s Value : Case Study on Food and Beverage Corporation Listed in Indonesia Stock Exchange,” J. Keuang. dan Perbank., vol. 13, no. 2, pp. 120–127, 2017.

I. Suwardika and I. Mustanda, “Pengaruh Leverage, Ukuran Perusahaan, Pertumbuhan Perusahaan, Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Properti,” None, vol. 6, no. 3, p. 254488, 2017.

Kontan.co.id, “Realisasi Investasi Hingga Kuartal II 2021 mencapai Rp 442,7 Triliun,” 2021.

K. S. Rahmawati, Y. Yulianti, and E. Suryawardana, “Faktor – Faktor Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Tahun 2014-2018,” Solusi, vol. 18, no. 3, pp. 56–75, 2020, doi: 10.26623/slsi.v18i3.2613.

I. G. A. D. N. Yanti and N. P. A. Darmayanti, “Pengaruh Profitabilitas, Ukuran Perusahaan, Struktur Modal, Dan Likuiditas Terhadap Nilai Perusahaan Makanan Dan Minuman,” E-Jurnal Manaj. Univ. Udayana, vol. 8, no. 4, p. 2297, 2019, doi: 10.24843/ejmunud.2019.v08.i04.p15.

A. SUSANTI, K. Z. WAFIROTIN, and A. HARTONO, “Pengaruh Good Corporate Governance, Profitabilitas, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Manufaktur Yang Terdaftar Di Bei Periode Tahun 2011-2016,” ISOQUANT J. Ekon. Manaj. dan Akunt., vol. 3, no. 1, p. 11, 2019, doi: 10.24269/iso.v3i1.236.

I. P. Dhani and A. . G. S. Utama, “Pengaruh Pertumbuhan Perusahaan, Struktur Modal, Dan Profitabilitas Terhadap Nilai Perusahaan,” J. Ris. Akunt. Dan Bisnis Airlangga, vol. 2, no. 1, pp. 135–148, 2017, doi: 10.31093/jraba.v2i1.28.

R. Indrawan and P. Yaniawati, Metode Penelitian Kuantitatif, Kualitatif, dan Campuran. Bandung: PT. Refika Aditama, 2016.

N. A. Agatha and M. Irsad, “Pengaruh Likuiditas,Struktur Modal, Profitabilitas, Kebijakan Dividen dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Properti dan Real Estate yang Terdaftar di Bursa Efek Indonesia Tahun 2015-2019,” J. Ilm. Akunt. dan Humanika, vol. 11, no. 2, pp. 329–339, 2021.

K. Meidiawati and T. Mildawati, “Pengaruh Size, Growth , Profitabilitas, Struktur Modal, Kebijakan Dividen Terhadap Nilai Perusahaan,” J. Ilmu dan Ris. Akunt., vol. 5, no. 2, pp. 1–16, 2016.

E. Nohuz, M. Alaboud, B. El-Drayi, S. Tamburro, S. Kachkach, and J. Varga, “Demons-Meigs pseudosyndrome mimicking the symptoms of pregnancy: A case report,” J. Reprod. Infertil., vol. 15, no. 4, pp. 229–232, 2014.

F. Alvita and P. Khairunnisa, “Analisis Pengaruh Kebijakan Dividen , Keputusan Investasi Dan Keputusan Pendanaan Terhadap Nilai Perusahaan,” J. ASET (AKUNTANSI RISET), 11 (1), 2019, 123-136 Anal., vol. 11, no. 1, pp. 123–136, 2019.

L. Sugiyarti and P. Ramadhani, “Agresivitas Pajak, Keputusan Pendanaan dan Kebijakan Deviden Terhadap Pengukuran Nilai Perusahaan,” J. Akunt. Trisakti, vol. 6, no. 2, pp. 233–244, 2019, doi: 10.25105/jat.v6i2.5477.

V. I. Bintari and D. L. Kusnandar, “Jurnal Bisnis dan Ekonomi Analisis Faktor-Faktor yang Mempengaruhi Nilai Perusahaan,” J. Bisnis dan Manaj., vol. 27, no. 1, pp. 89–99, 2020.

R. P. Sari, S. Hermuningsih, and A. D. Cahya, “Pengaruh Current Ratio, Debt Equity Ratio, Total Asset Turnover Terhadap Price Earning Ratio,” J. Proaksi, vol. 8, no. 1, pp. 156–165, 2021, doi: 10.32534/jpk.v8i1.1706.

A. S. Putri and D. Miftah, “Pengaruh Intellectual Capital, Leverage, Profitabilitas, Dan Likuiditas Terhadap Nilai Perusahaan,” Curr. J. Kaji. Akunt. dan Bisnis Terkini, vol. 2, no. 2, pp. 259–277, 2021, doi: 10.31258/jc.2.2.259-277.

I. G. S. Pratama, I. A. A. Idawati, and A. R. Sumartini, “Pengaruh Struktur Kepemilikan Dan Pertumbuhan Perusahaan Terhadap Keputusan Pendanaan Dan Nilai Perusahaan,” Widya Manaj., vol. 1, no. 1, pp. 60–79, 2018, doi: 10.32795/widyamanajemen.v1i1.207.

A. Retnasari, S. W. Setiyowati, and M. F. Irianto, “Profitabiltas Memoderasi Likuiditas Dan Growth Opportunity Terhadap Nilai Perusahaan,” El Muhasaba J. Akunt., vol. 12, no. 1, pp. 32–41, 2021, doi: 10.18860/em.v12i1.10039.

Catur Fatchu Ukhriyawati dan Riani Dewi, “Volume 6 No.1 Tahun 2019 ISSN 25031546,” Equilibiria, vol. 6, no. 1, pp. 1–14, 2019.

S. Maryam, A. R. Mus, and A. Priliyadi, “Pengaruh ukuran perusahaan, pertumbuhan perusahaan, likuiditas, profitabilitas dan kebijakan dividen terhadap nilai perusahaan,” Cent. Econ. Student J., vol. 3, no. 1, pp. 90–109, 2020

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...