Implications of Financial Factors on the Value of Insurance Companies through Dividend Policy in Insurance Companies

  • Tri Widyawati Pamulang University
  • Masno Marjohan Pamulang University
  • Sahroni Sahroni Pamulang University
Keywords: Return on Assets, Debt to Equity Ratio, Current Ratio, Dividend Policy, Firm Value

Abstract

This study aims to analyze the effect of financial performance on firm value with dividend policy as an intervening variable in insurance companies listed on the Indonesia Stock Exchange during 2018–2024.

Methodology/approach – Financial performance is proxied by Return on Assets (ROA), Debt to Equity Ratio (DER), and Current Ratio (CR). The object of the research is insurance companies listed on the Indonesia Stock Exchange during 2018–2024.

Findings – The results show that ROA, DER, and CR do not significantly affect dividend policy. Dividend policy has a positive and significant effect on firm value. Simultaneously, ROA, DER, CR and dividend policy significantly influence firm value. The model explains 22.97% of the variation in firm value, while the rest is explained by other variables outside the research model

Published
2025-09-01
How to Cite
Widyawati, T., Marjohan, M., & Sahroni, S. (2025). Implications of Financial Factors on the Value of Insurance Companies through Dividend Policy in Insurance Companies . Journal of Investment Development, Economics and Accounting, 2(2), 127 - 135. Retrieved from https://ojs.ideanusa.com/index.php/JIDEA/article/view/407
Issue
Vol 2 No 2 (2025): Journal Of IDEA
Section
Articles