以股利政策为调节变量的印尼电信业企业价值决定因素

Q3 Business, Management and Accounting

International Journal of Management and Enterprise Development Pub Date : 2023-02-15 DOI:10.20414/jed.v5i1.6803

Fakhirah Husain, M. Mas’ud, S. Alam

{"title":"以股利政策为调节变量的印尼电信业企业价值决定因素","authors":"Fakhirah Husain, M. Mas’ud, S. Alam","doi":"10.20414/jed.v5i1.6803","DOIUrl":null,"url":null,"abstract":"Purpose — This study attempts to investigate the effect of profitability and capital structure on firm value with dividend policy as a moderating variable.Method — The populations were all telecommunications companies listed on the Indonesia Stock Exchange (IDX) for 2012 to 2021, totaling 19 companies. Using the purposive sampling technique, three companies were used as a sample with a time series for 10 years. The collected secondary data was then analyzed by multiple regression analysis techniques and Moderated Regression Analysis (MRA) supported by SPSS (Statistical Product and Service Solutions) application tools to confirm the research hypothesis. Result — The results indicated that profitability has a positive and significant effect on firm value, while capital structure has no significant effect on firm value. Dividend policy was able to moderate the effect of profitability on firm value, but dividend policy was not able to moderate the capital structure on firm value. Contribution — This research contributes mainly to the firm value literature by strengthening grand theories used in Indonesian telecommunication sectors.","PeriodicalId":35485,"journal":{"name":"International Journal of Management and Enterprise Development","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Determinants of Indonesian telecommunications industry’s firm value with dividend policy as the moderating variable\",\"authors\":\"Fakhirah Husain, M. Mas’ud, S. Alam\",\"doi\":\"10.20414/jed.v5i1.6803\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Purpose — This study attempts to investigate the effect of profitability and capital structure on firm value with dividend policy as a moderating variable.Method — The populations were all telecommunications companies listed on the Indonesia Stock Exchange (IDX) for 2012 to 2021, totaling 19 companies. Using the purposive sampling technique, three companies were used as a sample with a time series for 10 years. The collected secondary data was then analyzed by multiple regression analysis techniques and Moderated Regression Analysis (MRA) supported by SPSS (Statistical Product and Service Solutions) application tools to confirm the research hypothesis. Result — The results indicated that profitability has a positive and significant effect on firm value, while capital structure has no significant effect on firm value. Dividend policy was able to moderate the effect of profitability on firm value, but dividend policy was not able to moderate the capital structure on firm value. Contribution — This research contributes mainly to the firm value literature by strengthening grand theories used in Indonesian telecommunication sectors.\",\"PeriodicalId\":35485,\"journal\":{\"name\":\"International Journal of Management and Enterprise Development\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-02-15\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Management and Enterprise Development\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.20414/jed.v5i1.6803\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q3\",\"JCRName\":\"Business, Management and Accounting\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Management and Enterprise Development","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.20414/jed.v5i1.6803","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"Business, Management and Accounting","Score":null,"Total":0}

引用次数: 0

摘要

本研究试图以股利政策为调节变量，探讨盈利能力和资本结构对企业价值的影响。方法-人口为2012年至2021年在印度尼西亚证券交易所(IDX)上市的所有电信公司，共计19家公司。采用有目的抽样技术，以三家公司为样本，时间序列为10年。利用SPSS (Statistical Product and Service Solutions)应用工具支持的多元回归分析技术和有调节回归分析(MRA)对收集到的二手数据进行分析，以证实研究假设。结果-结果表明，盈利能力对企业价值有显著的正向影响，而资本结构对企业价值没有显著影响。股利政策能够调节盈利能力对企业价值的影响，但股利政策不能调节资本结构对企业价值的影响。贡献-本研究主要通过加强印度尼西亚电信部门使用的大理论来贡献公司价值文献。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

Determinants of Indonesian telecommunications industry’s firm value with dividend policy as the moderating variable

Purpose — This study attempts to investigate the effect of profitability and capital structure on firm value with dividend policy as a moderating variable.Method — The populations were all telecommunications companies listed on the Indonesia Stock Exchange (IDX) for 2012 to 2021, totaling 19 companies. Using the purposive sampling technique, three companies were used as a sample with a time series for 10 years. The collected secondary data was then analyzed by multiple regression analysis techniques and Moderated Regression Analysis (MRA) supported by SPSS (Statistical Product and Service Solutions) application tools to confirm the research hypothesis. Result — The results indicated that profitability has a positive and significant effect on firm value, while capital structure has no significant effect on firm value. Dividend policy was able to moderate the effect of profitability on firm value, but dividend policy was not able to moderate the capital structure on firm value. Contribution — This research contributes mainly to the firm value literature by strengthening grand theories used in Indonesian telecommunication sectors.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

International Journal of Management and Enterprise Development Business, Management and Accounting-Business and International Management

CiteScore

1.80

自引率

0.00%

发文量

期刊介绍： IJMED is a major international research journal dedicated to business development strategy and entrepreneurship policy as well as management processes in an international and cross-cultural context. IJMED provides a venue for high quality papers including theoretical research articles, evidence-based case studies and practical applications seeking to explore best practice and investigate strategies for rapid growth management in SMEs. IJMED has a history of contributing to the academic literature, providing conceptual and practical insights and generating innovative ideas for organizational enterprise. Topics covered include: -SMEs'' start-up development, corporate venturing- Technological opportunities, new firm creation, valuation- Technological adoption, technology transfer, technopreneurship- Joint ventures/alliances, franchising and corporate ownership- Business incubator development strategy- Economic and social entrepreneurship- Virtual coaching services for SMEs- SMEs and entrepreneurship policy- Start-up cognitions/behaviours- Halo effect, technology licensing- Long-run technology investments- Knowledge management/technology strategy in SMEs- Managing rapid growth, accelerating competitive effectiveness- Strategy decision speed and SME performance- Entrepreneurs in non-profit sector.