What question did this study set out to answer?

This study aims to understand how financial factors like profitability and leverage affect firm value and how dividend policy moderates these effects.

June 27, 2026Open Access

Dividend Policy as a Moderator of Internal Financial Determinants of Firm Value

View Full Paper

Ask AI

Bookmark

Authors

JSJhonni Sinaga1*, Frendi Lumban Tobing2, Supriyanto3

Discussion

Member takes

Implication

Randomized trial investigates financial determinants affecting firm value, suggesting dividend policy impacts leverage influence.

Key Points

This study aims to understand how financial factors like profitability and leverage affect firm value and how dividend policy moderates these effects.
Utilized purposive sampling to select five manufacturing firms listed on the Indonesia Stock Exchange from 2015 to 2024.
Conducted panel data regression and Moderated Regression Analysis with EViews 12 to analyze relationships.
Profitability significantly increases firm value, while leverage, company size, and liquidity do not show a significant influence.
Dividend policy weakens the influence of leverage on firm value, without affecting the relationships of profitability, company size, and liquidity.

Cite This Study

Jhonni Sinaga1*, Frendi Lumban Tobing2, Supriyanto3 (2026) studied this question.

synapsesocial.com/papers/6a3f68f5aea7db3c1953fde1 https://doi.org/10.5281/zenodo.20844029

View Full Paper

Ask AI

Bookmark

Dividend Policy as a Moderator of Internal Financial Determinants of Firm Value

Discussion

Member takes

Implication

Key Points

Cite This Study

Dividend Policy as a Moderator of Internal Financial Determinants of Firm Value

Discussion

Member takes

Implication

Key Points

Cite This Study

Also Consider

Also Consider