Pengaruh Ukuran Perusahaan, Likuiditas, Kinerja Keuangan, dan Kebijakan Hutang terhadap Nilai Perusahaan Kebijakan Deviden sebagai Variabel Moderating pada Perusahaan Perbankan di Bursa Efek Indonesia (BEI)

Abstract

The purpose of this study was to examine the influence of the size of the company's financial performance, liquidity, and debt policies of companies with dividend policy as a moderating variable on corporate banking in Indonesia stock exchange. The population in this research is the entire banking company listed on the Indonesia stock exchange, with the research period of the years 2010 to 2013, which amounts to 30 banking company. The selected sample by using purposive sampling methods that add up to 11 banking company, with a research hypothesis testing techniques using multiple analysis techniques and test the absolute difference in moderating. Results of the study prove that partially measure the financial performance of the company, and a positive and significant effect against the value of the company, while the liquidity effect positive and insignificant against the value of corporate debt policy and influential negative and insignificant against the value of the company. Simultaneously shows that the size of the company's financial performance, liquidity, and debt policies, positive and significant effect against the value of the company. in the second equation that dividend policy strengthens the influence of the size of the company against the value of the company, while the dividend policy weakens the influence of financial performance, liquidity, debt policy of the company.