Abstract

The purpose of this study is to test empirically the effect of leverage, investment stock, bond, and dividend policy on firm value and firm performance for agriculture, basic chemical industry, consumer goods, and finance on the Indonesian stock exchange. The population of this study is 632 companies listed on the Indonesian stock exchange, with a sample of 236 companies in 2018-2019, secondary data sources from ICDM, and audited financial reports by collecting documentation data and processing data with moderate multiple linear regression. The findings of the research are that financial policy proxied by leverage, investment in stocks and bonds shows a significant positive effect on firm performance, and dividend policy also shows a significant positive effect on firm value. To increase the generalizability of research results, future studies will collect data with different populations or different countries. This study contributes to the performance and value of the company where the increase in leverage, investment, bonds, and dividends will increase the performance and value of the company. The implication of this research is to improve the performance and value of the company for the better. This research is limited to capital structure, dividend policy on firm value with firm performance as moderation. Further research can be developed with different samples and more for generalizations.

Highlights

  • To support the National development policy system, year, is expected to continue to increase

  • Each year the performance on firm value in food and beverage companies stock exchange can conduct an IPO of 30 companies with an with 70 observations, the results show that capital structure emission value of trillions (6T)

  • Because the p-value is greater than alpha (Y1) are known where the Path coefficient is 0.244 with a p- (0.05), the statistical hypothesis states that Ho is rejected, value of 0.007 because the p-value is smaller than alpha (0.05), meaning that stock investment (X2) affect, but not significant, the statistical hypothesis states Ho is rejected, meaning to firm value (Y2)

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Summary

Introduction

To support the National development policy system, year, is expected to continue to increase. Presidential Regulation dated January (1) (2018), will in foreign investment in the future. In this case, to support be a remedy for stagnation in investment. The investment policy, it requires the availability of infrastructure, business license can be completed in a matter of hours. With such as roads, ports, electricity, the availability of educated this step, world investment in Indonesia, which is currently human resources from the education sector who need to be https://ijbassnet.com/. Each year the performance on firm value in food and beverage companies stock exchange can conduct an IPO of 30 companies with an with 70 observations, the results show that capital structure emission value of trillions (6T)

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