THE EFFECT OF DIVIDEND POLICY AND DEBT POLICY ON FIRM VALUE WITH CEO CHARACTERISTICS AS A MODERATING VARIABLE

Nirma Kusuma Ningtyas, Anggita Langgeng Wijaya, Sendy Dwi Haryanto

Abstract


This study aims to empirically test the effect of dividend policy and debt policy on firm value with CEO characteristics as a moderating variable in construction and building companies listed on the Indonesia Stock Exchange for the period 2020-2024. In this study, there are 29 companies in the construction and building sector in 2020-2024. Sampling using a purposive sampling technique method, so that a sample of 20 companies was obtained according to the criteria and had available data for research. Data analysis techniques used multiple linear regression analysis and moderated regression analysis. The results of this study are dividend policy has a positive and significant effect on firm value, debt policy has a negative and significant effect on firm value, CEO educational background is unable to moderate the effect between dividend policy and firm value, CEO tenure is unable to moderate the effect between dividend policy and firm value, CEO educational background is unable to moderate the effect between debt policy and firm value, CEO tenure is unable to moderate the effect between debt policy and firm value.


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References


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