Pengaruh Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening pada Perusahaan Food and Beverage yang Terdapat di BEI Tahun 2019-2023 The Influence of Capital Structure and Profitability on Firm Value with Dividend Policy as an Intervening Variable in Food and Beverage Companies Listed on the Indonesia Stock Exchange (IDX) in 2019-2023

Article Sidebar

Page Numbers: 544-567
Download PDF
Published: Mar 12, 2025
Digital Object Identifier: 10.58578/arzusin.v5i2.5153
Save this to:
Save to Mendeley Download RIS

Article Metrics:
Viewed: 746 times
Downloaded: 296 times
Article can trace at:

Author Fee:
Free Publication Fees for Foreign Researchers (USD 0.00)
Check for article on SINTA:

LYAS Publisher cordially invites qualified professionals to serve as Editors or Reviewers. Your expertise will make an important contribution to maintaining and strengthening the academic quality of our publications. Interested applicants are kindly requested to complete the application form at the following link: Editors & Reviewers

Connected Papers:
Connected Papers

Please feel free to contact us if you need any further information about the submission process or if you have any additional questions.

Authors:
Rahma Syifa Andriani1, Ronni Andri Wijaya2, Silvia Sari3
Copyright :

Authors retain copyright and grant the journal right of first publication.


Main Article Content

Rahma Syifa Andriani
Universitas Putra Indonesia YPTK Padang
Ronni Andri Wijaya
Universitas Putra Indonesia YPTK Padang
Silvia Sari
Universitas Putra Indonesia YPTK Padang

Abstract

This study aims to determine the effect of capital structure, profitability on company value with dividend policy as an intervening variable in food and beverage companies listed on the Indonesia Stock Exchange. This study uses a quantitative method. The population in this study were all those listed in food and beverage with a total of 95 companies listed on the Indonesia Stock Exchange for the period 2019-2023. The sample in this study that met the criteria and was determined by the purposive sampling method so that a total sample of 18 food and beverage companies was obtained with a research period of 5 years. The analysis method used is multiple linear regression analysis using the Statistical Package for the Social Sciences (Spss) version 26. The results of this study indicate that capital structure does not have a significant effect on dividend policy, profitability does not have a significant effect on dividend policy, capital structure does not have a significant effect on company value, profitability has a significant effect on company value, dividend policy has an effect on company value, in addition, the results of the study simultaneously show that capital structure has a significant effect on company value through dividend policy and profitability does not have a significant effect on company value through dividend policy.

Keywords:
Share Article:

Citation Metrics:

 Scopus



Downloads

Download data is not yet available.

Scopus Citation Data

Data source Crossref
0
citations
Check Secondary Documents in Scopus
Open this article in Scopus, then check the Secondary documents tab. Use Manual Citation Fallback only for counts you have verified manually.
Open in Scopus
Similar Scopus Articles
Scopus
  1. Zhou Z. (2027)
    Three-dimensional and multimodal X-ray microscopy for structural materials: Toward new understandings of microstructure and stress evolution
    Journal of Materials Science and Technology, 276, 140-155
  2. Wang W. (2027)
    Multi-modal sensor fusion for real-time robotic servoing: A unified framework towards high-precision process machining
    Robotics and Computer Integrated Manufacturing, 103
  3. Charuau D. (2027)
    A multimodal perspective on adaptive communication: Extending the hyper- and hypo-articulation theory
    Computer Speech and Language, 101

Article Details

How to Cite
Andriani, R. S., Wijaya, R. A., & Sari, S. (2025). Pengaruh Struktur Modal dan Profitabilitas terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening pada Perusahaan Food and Beverage yang Terdapat di BEI Tahun 2019-2023. ARZUSIN, 5(2), 544-567. https://doi.org/10.58578/arzusin.v5i2.5153
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Creative Commons License
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.

References

Pranata, R., & Awaludin, T. (2024). Pengaruh Pertumbuhan Perusahaan dan Kebijakan Dividen terhadap Nilai Perusahaan pada PT Mayora Indah Tbk Periode 2013-2022. Cakrawala: Jurnal Ekonomi, Manajemen Dan Bisnis, 1(1), 27–34. https://jurnalamanah.com/index.php/cakrawala/index

Anggraini, W., Nurmadi, R., & Habibie, A. (2023). Pengaruh Struktur Modal, Profitabilitas, Pertumbuhan Perusahaan Terhadap Nilai Perusahaan Dengan Kebijakan Deviden Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2016-2020. Jurnal Akuntansi, Manajemen Dan Ilmu Ekonomi (Jasmien), 3(03), 166–181. https://doi.org/10.54209/jasmien.v3i03.382

Anindya, K. N., & Muzakir, M. F. A. (2023). Pengaruh Kebijakan Dividen terhadap Nilai Perusahaan pada Perusahaan Manufaktur di Indonesia. Jurnal Aplikasi Bisnis, 20(1), 357–366. https://doi.org/10.20885/jabis.vol20.iss1.art5

Artofkh, R. A., Nurbaiti, B., & Sari, P. N. (2023). Pengaruh Struktur Modal Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Intervening Pada Perusahaan Sektor Food and Beverage Yang Terdaftar Di Bursa Efek Indonesia. ARMADA : Jurnal Penelitian Multidisiplin, 1(8), 892–905. https://doi.org/10.55681/armada.v1i8.774

Lestari, I. H., & Asyik, N. F. (2023). Pengaruh Profitabilitas, Size dan Keputusan Investasi Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Intervening. Jurnal Ilmu Dan Riset Akuntansi, 12(6), 1–26.

Riki, M., Tubastuvi, N., Darmawan, A., & Rahmawati, I. Y. (2022). Struktur Modal, Profitabilitas, Dan Likuiditas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Moderasi. Jurnal Akademi Akuntansi, 5(1), 62–75. https://doi.org/10.22219/jaa.v5i1.19409

Sriwahningsih, S. (2022). Analisis Profitabilitas, Struktur Modal dan Likuiditas terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Pemediasi. Journal of Business and Economics (JBE) UPI YPTK, 7(3), 336–345. https://doi.org/10.35134/jbeupiyptk.v7i3.181

Dewi, L. G. N. (2021). Pengaruh keputusan investasi, struktur modal, profitabilitas, dan kebijakan dividen terhadap nilai perusahaan. Entrepreneurship Bisnis Manajemen Akuntansi (E-BISMA), Analisa 2011, 1–11. https://doi.org/10.37631/e-bisma.v2i1.354

Lisda, R., & Kusmayanti, E. (2021). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan. Land Journal, 2(1), 87–94. https://doi.org/10.47491/landjournal.v2i1.1102

Wijaya, H., Tania, D., & Cahyadi, H. (2021). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan. Jurnal Bina Akuntansi, 8(2), 109–121. https://doi.org/10.52859/jba.v8i2.148

Akbar, F., & Fahmi, I. (2020). Pengaruh Ukuran Perusahaan, Profitabilitas Dan Likuiditas Terhadap Kebijakan Dividen Dan Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Ilmiah Mahasiswa Ekonomi Manajemen, 5(1), 62–81. http:jim.unsyiah.ac.id/ekmKhoiroh, M., & Subardjo, A. (2020). Pengaruh Struktur Modal, Cash Holdings, Dan Investement Opportunity Terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening. Jurnal Ilmu Dan Riset Akuntansi, 9(5), 1–24.

Nurhayati, I., & Kartika, A. (2020). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi Pada Perusahaan Manufaktur Tahun 2016-2018. Dinamika Akuntansi, Keuangan Dan Perbankan, 9(2), 133–144.

Tinggi, S., Ekonomi, I., & Manggala, W. (2020). Pengaruh Profitabilitas terhadap Nilai Perusahaan dengan Kebijakan Deviden sebagai Variabel Intervening. Jurnal Ilmiah Aset, 22(1), 25–34. https://doi.org/10.37470/1.022.1.04


Explore Our Journals
Find the most suitable journal for your research. If this journal does not fully align with the scope of your manuscript, we invite you to explore our wider portfolio of journals covering diverse fields of study. Please select one of the journals below to identify the most appropriate publication platform for your work.