PENGARUH KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI

Abstract: The purpose is to describe the effect of debt policy to firm value  with  dividend  policy  as  a  moderating  variable.  The  first hypothesis  is  the  positive  effect  of  debt  policy  towards  firm  value, second the effect of dividend policy on a relationship between debt policy  and  firm  value.  The  data  used  are  secondary  data  obtained from the annual reports and financial statements published by each company.  Methods  used  in  determining  the  amount  of  the  sample using  purposive  sampling  method,  and   then  performed  classical assumption on the data using Moderated Regression Analysis (MRA) as an analytical instrument.  The result showed that debt policy had a negative effect the firm value, but dividend policy can not moderate the relationship between debt policy of firm value.
Keywords: debt policy, dividend policy, and firm value
Penulis: SUBARAMAN DESMON ASA NAINGGOLAN, AGUNG LISTIADI
Kode Jurnal: jpmanajemendd140988

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