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DETERMINANTS OF FINANCIAL PERFORMANCE ON THE GO PUBLIC COMPANY ON BEI Atang Hermawan; Nagian Toni
TRIKONOMIKA Vol 19 No 2 (2020): December Edition
Publisher : Faculty of Economics and Business, University of Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (296.311 KB) | DOI: 10.23969/trikonomika.v19i2.3158

Abstract

The objective of this research is to get an understanding on the effect of the investment decision, capital structure and dividend policy on financial performance using the Multiple Regression Analysis. It is expected that this model will give more comprehensive analysis on the effect of the investment decision, capital structure and dividend policy on financial performance of public companies, which includes the direct or indirect effect on one variable against the others variables. on public companies in Indonesian Stock Exchange in 2014-2017. The findings reveal that, the investment decision has a more dominant effect on financial performance. The investment decision, capital structure and dividend policy have a positive effect on financial performance. The theoretical finding on this research can be developed to make investment decisions, capital structures and dividend policies of public companies. In other words, the three variables will have some means of effect on financial performance, compare with other factors.
Impact of dividend policy, capital structure, and profitability on consumer goods firm value: Role of firm size (2013-2022) Samuel Dunant Siregar; Nagian Toni; Yeni Ariesa
Journal of Economics and Business Letters Vol. 3 No. 4 (2023): August 2023
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v3i4.234

Abstract

This study aims to analyze the effects of Dividend Policy, Capital Structure, and Profitability on the Firm value in the Consumer Goods sector on the Stock Exchange during the period 2013–2022. Firm size was utilized as a moderating variable. The dependent variable in this research is Firm value (Tobin's Q), whereas the moderating variable is Firm size. The population for this study was drawn from the Consumer Goods sector on the Stock Exchange for the 2013–2022 period. Out of a total population of 51 companies, 31 met the sample criteria. Two research methods were employed: the panel data regression test and the Moderated Regression Analysis (MRA). The results from the panel data regression test, using the Fixed Effect Model (FEM) method, indicate that, collectively, dividend policy, capital structure, and profitability influence the firm’s value. Individually, both dividend policy and profitability positively influence the firm’s value, while the capital structure variable does not have a significant effect. Moreover, the Moderated Regression Analysis (MRA) demonstrates that the firm size variable acts as a moderator, influencing the relationships between dividend policy, capital structure, profitability, and firm value.