International Research Journal of Innovations in Engineering and Technology - IRJIET International Open Access, Monthly, Peer Reviewed, Reputed Journal ISSN (online): 2581-3048

Impact Factor (2025): 6.9

DOI Prefix: 10.47001/IRJIET

The Moderation of Growth on Corporate Value Enhancement in Indonesian Manufacturing Industry

Abstract

This article aims to analyze the effect of funding policies, investment opportunities, and dividend policy on corporate value. Besides that, this article also analyzes the role of corporate growth in moderating the influence of funding policy, investment opportunity, and dividend policy on corporate value. Research data used the manufacturing sector companies listed on the BEI during 2012-2016. Data analysis used path analysis with eviews 9. The interpretation of path analysis model shows that funding policy and dividend policy have a significant negative effect on corporate value, and investment opportunity has a significant positive effect on corporate value. In addition, corporate growth is a moderating variable for the effect of investment opportunities on corporate value. Simultaneously, all independent variables affect the corporate value of 98.81%.

Country : Indonesia

1 Sri Hartono2 Nunung Ghoniyah3 Farikha Amilahaq

  1. Faculty of Economics and Business, Universitas Islam Sultan Agung, Semarang City, Indonesia
  2. Faculty of Economics and Business, Universitas Islam Sultan Agung, Semarang City, Indonesia
  3. Faculty of Economics and Business, Universitas Islam Sultan Agung, Semarang City, Indonesia

IRJIET, Volume 9, Issue 3, March 2025 pp. 155-164

doi.org/10.47001/IRJIET/2025.903019

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