The purpose of this study is to prove the existence of a positive and significant
influence on the variables of capital structure, profitability, liquidity, and company
size on firm value with dividend policy as a moderating variable. The samples used
in this study are non-cyclical primary / consumer consumption companies listed on
the Indonesia Stock Exchange (IDX) for the period 2020-2022. The sampling
technique used was purposive sampling with 118 data obtained that met the criteria.
The analysis technique used is multiple regression analysis (absolute difference)
and classical assumption test. The results of this study reveal that profitability has
a positive and significant effect on firm value. Capital structure, liquidity, and firm
size have no positive and insignificant effect on firm value. This study also shows
that dividend policy is able to moderate the effect of liquidity on firm value.
However, dividend policy is unable to moderate the effect of capital structure,
profitability, and firm size on firm value.