The Influence of Dividend Policy, Profitability and Company Growth on Company Value with Structure Capital as an Intervening Variable

Abstract

This study aims to examine the influence of dividend policy, profitability, and company growth on company value with capital structure as an intervening variable. The population in this study is all manufacturing companies listed on the Indonesia Stock Exchange (IDX) in the period 2016-2019. The sampling technique used was purposive sampling, with a total sample of 20 companies. Data analysis was performed using path analysis. The results of this study indicate that dividend policy, profitability, and company growth have a significant positive effect on company value. Furthermore, capital structure is found to mediate the relationship between dividend policy, profitability, and company growth on company value.