Abstract

This study aimed to examine the effect of profitability, likuidity, leverage on firm value with dividend policy as moderationonfinancial firm in Indonesia Stock Exchange. The analytical method used is Multiple Linear Regression Analysis. This study uses secondary data obtained from the annual report, bank financial statement.Test were conducted at 23 participating companies on the Indonesia Stock Exchange in 2014-2018. Profitability is proxiedReturn On Asset (ROA), Likuidity is proxied Loan to Deposit Ratio (LDR), Leverage is proxied Debt to Equity Ratio (DER), and Dividend Policy is proxied Dividen Payout Ratio (DPR). The dependent variabel in this research is the firm value proxied by Tobin’sQ. The results showed that profitability has an effects on firm value, likuidity has an effects on firm value, leverage has an effects on firm value, dividend policy can moderate the effect of profitability on firm value, dividend policy can moderate the effect of likuidity on firm value, dividend policy can moderate the effect of leverage on firm value.

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