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The Effect of Return on Equity (ROE) on Company Value with Dividend and Leverage as Moderating Variables

Sri Rizki Annisa, Hermanto, Siti Aisyah Hidayati

Abstract: This study aims to determine the effect of Return on Equity (ROE) on Company Values with Dividends and Leverage as Moderating Variables (Study on Manufacturing Companies that Listing on the Indonesia Stock Exchange Period 2013-2017). This research only focused on Return on Equity (ROE) on company values proxied with Tobin?s Q. with Dividend Payout Ratio (DPR) and Debt to Equity Ratio (DER) as Moderating variables. The type of research used is associative causal. The data collection method used is the sample survey method with the sample technique used is purposive sampling. The object in this study is a manufacturing company listed on the Indonesia Stock Exchange in the period 2013-2017. The population in this study were 14 companies that were included in the study criteria. The results of this study indicate that the ROE variable has a positive and significant effect on firm value. The DPR variable is not able to act as a moderator in the influence of ROE on firm value. Variable DER is able to act as a moderator in strengthening the effect of ROE on firm value

Keywords: ROE, Tobin?s Q, DPR and DER

Country: Indonesia, Subject Area: Management

Pages: 2098 - 2107

Edition: Volume 8 Issue 5, May 2019

How to Cite this Article?

Sri Rizki Annisa, Hermanto, Siti Aisyah Hidayati, "The Effect of Return on Equity (ROE) on Company Value with Dividend and Leverage as Moderating Variables", International Journal of Science and Research (IJSR), https://www.ijsr.net/archive/v8i5/show_abstract.php?id=ART20198090, Volume 8 Issue 5, May 2019, 2098 - 2107

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