KEPUTUSAN PENDANAAN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DEVIDEN SEBAGAI PEMODERASI

Abstract

This research was conducted to examine the effect of funding decisions and profitability
on company value with a dividend policy as moderation in property and real estate
companies listed on the Indonesia Stock Exchange in 2017-2021. The population in this
study are all property and real estate companies listed on the IDX in 2017-2021, there
are 62 companies. The technique in determining the sample using purposive sampling
method. The sample in this study were 6 companies. In this study using annual data with
a total of 32 data samples and using SPSS 26 as a statistical test tool. The results of this
study indicate that funding decisions have no effect on firm value and profitability has a
positive effect on firm value. Furthermore, dividend policy is not able to moderate
funding decisions but is able to moderate the effect of profitability.