INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
Vol. 2 No. 1 (2024): January

DIVIDEND POLICY MODERATES GROWTH OPPORTUNITY, FREE CASH FLOW, AND DEBT POLICY ON THE FIRM VALUE

Fera Tjahjani (Program Studi Akuntansi, Sekolah Tinggi Ilmu Ekonomi Malangkucecwara, Indonesia)
Stefen Satria Tanoto (Program Studi Akuntansi, Sekolah Tinggi Ilmu Ekonomi Malangkucecwara, Indonesia)
Nawang Kalbuana (Program Studi Pertolongan Kecelakaan Pesawat, Politeknik Penerbangan Indonesia)

Article Info

Publish Date
14 Jan 2024

Abstract

Purpose: This research is conducted to know the role of dividend policy as a moderating variable on the effects of growth opportunity, free cash flow, and debt policy on the firm value. Methods: Purposive sampling method was used to obtain 23 primary consumer goods companies from Indonesia Stock Exchange (IDX) for year 2018 – 2020. Analysis data: multiple regression analysis technique was used to test hypothesis. Result and discussions: growth opportunity has no effect on the firm value. Otherwise, free cash flow influence firm value positively and debt policy has negative effect on the firm value. Dividend policy cannot moderate the relationship of growth opportunity, free cash flow, and debt policy to the firm value.

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Journal Info
INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE
Website

Abbrev

ijle

Publisher

CV. Adiba Aisha Amira

Subject

Economics, Econometrics & Finance

Description

INTERNATIONAL JOURNAL OF ECONOMIC LITERATURE (INJOLE) is a scientific journal that publishes articles in the Business field includes conceptual ideas in the fields of Economics, Accounting, Management, business. The scopes are Human Resource Management, Marketing Management, Financial Management, ...