Impact of Exchange Rate, Inflation, BI Rate, and Liquidity on Dividend Policywith Company Value Moderation

Authors

  • Steven Andreas Gunawan Universitas Pamulang, Tangerang Selatan, Banten, Indonesia
  • Masno Marjohan Universitas Pamulang, Tangerang Selatan, Banten, Indonesia

DOI:

https://doi.org/10.32493/iijoms.v1i1.48368

Keywords:

Exchange Rate, Inflation, BI Rate, Liquidity, Dividend Policy, Company Value

Abstract

This research examines the influence of the Exchange Rate, Inflation, BI Rate, and Liquidity on Dividend Policy with Company Value as a moderating variable for companies in the LQ 45 index on the Indonesian Stock Exchange from 2018 to 2022. A sample of 7 banking companies was selected. Data analysis used Panel Data Regression with the Fixed Effect Model. The results show that Exchange Rate has no influence on Dividend Policy, while Inflation, BI Rate, and Liquidity each significantly negatively affect it. Simultaneously, these variables significantly influence the dividend policy. The coefficient of determination is 0.981308, indicating that 98.13% of the dividend policy is influenced by the independent variables. Company Value was found to moderate the relationship between Inflation, BI Rate, and Liquidity with Dividend Policy, but not for the Exchange Rate.

References

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Published

2025-02-25

Issue

Vol. 1 No. 1 (2025): INNOVATION: International Journal of Management Science

Section

Articles

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Copyright (c) 2025 Steven Andreas Gunawan, Masno Marjohan

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