Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable
The purpose of this research is to analyze the determinant factors of firm value during the COVID-19 pandemic and the role of dividend policy as a mediation variable. This study uses multiple linear regression and the Sobel test as a data analysis tool to measure dividend policy as a mediating varia...
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| Format: | Article |
| Language: | English |
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Indonesian Institute for Counseling, Education and Therapy (IICET)
2023-06-01
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| Series: | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| Subjects: | |
| Online Access: | https://jurnal.iicet.org/index.php/jppi/article/view/1799 |
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| _version_ | 1832584682236018688 |
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| author | Gregorius Paulus Tahu Anik Yuesti |
| author_facet | Gregorius Paulus Tahu Anik Yuesti |
| author_sort | Gregorius Paulus Tahu |
| collection | DOAJ |
| description | The purpose of this research is to analyze the determinant factors of firm value during the COVID-19 pandemic and the role of dividend policy as a mediation variable. This study uses multiple linear regression and the Sobel test as a data analysis tool to measure dividend policy as a mediating variable between profitability, liquidity, free cash flow, leverage, company growth, investment opportunities, and company value during the COVID-19 pandemic. The results of the study show that profitability, liquidity, free cash flow, leverage, company growth, and COVID-19 have an effect on dividend policy and company value. However, investment opportunities have no effect on dividend policy or firm value. While the results of the Sobel test showed interaction, this study found that dividend policy mediates the effect of profitability, liquidity, free cash flow, leverage, company growth, and COVID-19 on company value. This study expands on empirical evidence on the determinants of firm value in the COVID-19 pandemic that is currently reported to be inconclusive and fills a gap in the existing literature by focusing on the issue of the determinants of firm value in the context of dividend policy as a mediating variable in the COVID-19 pandemic. |
| format | Article |
| id | doaj-art-c23016f79eaa4e3da13eeca7315c0195 |
| institution | Kabale University |
| issn | 2477-8524 2502-8103 |
| language | English |
| publishDate | 2023-06-01 |
| publisher | Indonesian Institute for Counseling, Education and Therapy (IICET) |
| record_format | Article |
| series | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| spelling | doaj-art-c23016f79eaa4e3da13eeca7315c01952025-01-27T12:24:48ZengIndonesian Institute for Counseling, Education and Therapy (IICET)JPPI (Jurnal Penelitian Pendidikan Indonesia)2477-85242502-81032023-06-01921008101810.29210/0202317991390Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variableGregorius Paulus Tahu0Anik Yuesti1Universitas Mahasaraswati DenpasarUniversitas Mahasaraswati DenpasarThe purpose of this research is to analyze the determinant factors of firm value during the COVID-19 pandemic and the role of dividend policy as a mediation variable. This study uses multiple linear regression and the Sobel test as a data analysis tool to measure dividend policy as a mediating variable between profitability, liquidity, free cash flow, leverage, company growth, investment opportunities, and company value during the COVID-19 pandemic. The results of the study show that profitability, liquidity, free cash flow, leverage, company growth, and COVID-19 have an effect on dividend policy and company value. However, investment opportunities have no effect on dividend policy or firm value. While the results of the Sobel test showed interaction, this study found that dividend policy mediates the effect of profitability, liquidity, free cash flow, leverage, company growth, and COVID-19 on company value. This study expands on empirical evidence on the determinants of firm value in the COVID-19 pandemic that is currently reported to be inconclusive and fills a gap in the existing literature by focusing on the issue of the determinants of firm value in the context of dividend policy as a mediating variable in the COVID-19 pandemic.https://jurnal.iicet.org/index.php/jppi/article/view/1799profitability, free cash flow, leverage, liquidity, firm growth, investment opportunities, dividend policy, firm value, covid-19 |
| spellingShingle | Gregorius Paulus Tahu Anik Yuesti Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable JPPI (Jurnal Penelitian Pendidikan Indonesia) profitability, free cash flow, leverage, liquidity, firm growth, investment opportunities, dividend policy, firm value, covid-19 |
| title | Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable |
| title_full | Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable |
| title_fullStr | Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable |
| title_full_unstemmed | Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable |
| title_short | Determinant factor of firm value in covid-19 pandemic: role of dividend policy as mediating variable |
| title_sort | determinant factor of firm value in covid 19 pandemic role of dividend policy as mediating variable |
| topic | profitability, free cash flow, leverage, liquidity, firm growth, investment opportunities, dividend policy, firm value, covid-19 |
| url | https://jurnal.iicet.org/index.php/jppi/article/view/1799 |
| work_keys_str_mv | AT gregoriuspaulustahu determinantfactoroffirmvalueincovid19pandemicroleofdividendpolicyasmediatingvariable AT anikyuesti determinantfactoroffirmvalueincovid19pandemicroleofdividendpolicyasmediatingvariable |