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VOL. 7, ISSUE 2 (2025)
The effect of liquidity, firm size, capital structure, and dividend policy on firm value (Empirical study of energy sector companies listed on the IDX 2022-2024)
Authors
Maisyah Az Zahra, Marsono
Abstract
This study aims to obtain empirical evidence
regarding the effect of Liquidity, Company Size, Capital Structure, Dividend
Policy on Firm Value. Liquidity is measured using Current Ratio (CR), company
size is measured using natural log of total assets (SIZE), Capital Structure is
measured using Debt to Equity Ratio (DER), dividend policy is measured using
Dividend Payout Ratio (DPR), and Company Value is measured using Price Book
Value (PBV). The population used in this study were all energy companies listed
on the Indonesia Stock Exchange (IDX) for the period 2022 - 2024, using
purposive sampling to get 25 companies as research samples. This study uses
secondary data in the form of financial reports derived from the official IDX
website, namely www.idx.co.id. Hypothesis testing in this study uses multiple
linear regression analysis with the help of SPSS version 26. The results of the
test show that liquidity, company size, and capital structure have a negative
effect on firm value. Meanwhile, dividend policy has no effect on firm value.
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Pages:56-62
How to cite this article:
Maisyah Az Zahra, Marsono "The effect of liquidity, firm size, capital structure, and dividend policy on firm value (Empirical study of energy sector companies listed on the IDX 2022-2024)". International Journal of Management and Economics, Vol 7, Issue 2, 2025, Pages 56-62
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