THE INFLUENCE OF CAPITAL STRUCTURE AND PROFITABILITY ON FIRM VALUE WITH DIVIDEND POLICY AS INTERVENING VARIABLE ON JAKARTA ISLAMIC INDEX (JII)

Authors

  • Rohani

Keywords:

Capital Structure, Profitability, Dividend Policy, Firm Value

Abstract

The purpose of this research is to determine the influence of capital structure and profitability on firm value directly and through dividend policy mediation. This is quantitative research with ratio analysis based on firms' financial statement data. The research was conducted on the Jakarta Islamic Index (JII) by downloading financial statement data for the 2014-2018 periods through the IDX website (www.idx.co.id). The research population is 30 firms and based on the purposive sampling technique, the number of samples selected was 7 firms. The analysis technique used is path analysis using AMOS 26.0 software. The results of this research indicate that: First, Capital Structure, Profitability, Dividend Policy and Firms Value as a whole, the average value can represent the overall data; Second, capital structure and profitability have a positive and significant influence on dividend policy; Third, capital structure and profitability have a positive and significant influence on firm value; Fourth, dividend policy has a positive and significant influence on firm value; Fifth, dividend policy cannot be mediation for the influence of capital structure and profitability on firm value.

Downloads

Download data is not yet available.

Downloads

Published

2022-10-16

Issue

Section

Articles