PENGARUH LEVERAGE, KEBIJAKAN DIVIDEN DAN PRICE EARNING RATIO TERHADAP NILAI PERUSAHAAN DENGAN RISIKO BISNIS SEBAGAI VARIABEL MODERASI (Studi Kasus Pada Perusahaan Sektor Property Dan Real Estate Yang Terdaftar Di Indeks Saham Syariah Indonesia Tahun 2017-2021)

Shobihatun Nada Rofifah, NIM.: 18108030054 (2022) PENGARUH LEVERAGE, KEBIJAKAN DIVIDEN DAN PRICE EARNING RATIO TERHADAP NILAI PERUSAHAAN DENGAN RISIKO BISNIS SEBAGAI VARIABEL MODERASI (Studi Kasus Pada Perusahaan Sektor Property Dan Real Estate Yang Terdaftar Di Indeks Saham Syariah Indonesia Tahun 2017-2021). Skripsi thesis, UIN SUNAN KALIJAGA YOGYAKARTA.

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Text (PENGARUH LEVERAGE, KEBIJAKAN DIVIDEN DAN PRICE EARNING RATIO TERHADAP NILAI PERUSAHAAN DENGAN RISIKO BISNIS SEBAGAI VARIABEL MODERASI (Studi Kasus Pada Perusahaan Sektor Property Dan Real Estate Yang Terdaftar Di Indeks Saham Syariah Indonesia Tahun 2017-) 18108030054_BAB-I_IV-atau-V_DAFTAR-PUSTAKA.pdf - Published Version Download (4MB) | Preview

Text (PENGARUH LEVERAGE, KEBIJAKAN DIVIDEN DAN PRICE EARNING RATIO TERHADAP NILAI PERUSAHAAN DENGAN RISIKO BISNIS SEBAGAI VARIABEL MODERASI (Studi Kasus Pada Perusahaan Sektor Property Dan Real Estate Yang Terdaftar Di Indeks Saham Syariah Indonesia Tahun 2017-) 18108030054_BAB-II_sampai_SEBELUM-BAB-TERAKHIR.pdf - Published Version Restricted to Registered users only Download (4MB) | Request a copy

Abstract

This study aims to examine the effect of leverage, dividend policy and price earning ratio on firm value with business risk as a moderating variable in the property and real estate sector registered at ISSI from 2017 to 2021. The sample used was 19 companies with a total of 95 observations. This study uses a panel data regression model and moderated regression analysis with an analysis tool, namely EViews-12 software. Through the estimation model selection test, this study uses the fixed effect model as the best model. The test results show that the price earning ratio has a positive effect on firm value. Meanwhile, leverage and dividend policy partially have no effect on firm value. Business risk as a moderating variable can strengthen the effect of the price earning ratio on firm value. Meanwhile, business risk cannot partially moderate the effect of leverage and dividend policy on firm value. The results of the test for the coefficient of determination show that the independent variables, moderating variables, and the interaction of the two variables are able to explain the dependent variable by 77%, while 23% is explained by variables not explained in this study.

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