{"id":"https://openalex.org/W3206357300","doi":"https://doi.org/10.35912/ijfam.v3i2.189","title":"The influence of leverage, sales growth, and dividend policy on company value","display_name":"The influence of leverage, sales growth, and dividend policy on company value","publication_year":2021,"publication_date":"2021-09-25","ids":{"openalex":"https://openalex.org/W3206357300","doi":"https://doi.org/10.35912/ijfam.v3i2.189","mag":"3206357300"},"language":"en","primary_location":{"id":"doi:10.35912/ijfam.v3i2.189","doi":"https://doi.org/10.35912/ijfam.v3i2.189","is_oa":true,"landing_page_url":"https://doi.org/10.35912/ijfam.v3i2.189","pdf_url":"https://goodwoodpub.com/index.php/ijfam/article/download/189/212","source":{"id":"https://openalex.org/S4210207042","display_name":"International Journal of Financial Accounting and Management","issn_l":"2656-3355","issn":["2656-3355"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial, Accounting, and Management","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://goodwoodpub.com/index.php/ijfam/article/download/189/212","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5048270155","display_name":"Ratu Liviani","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210167078","display_name":"Universitas Widyatama","ror":"https://ror.org/05v27w196","country_code":"ID","type":"education","lineage":["https://openalex.org/I4210167078"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Ratu Liviani","raw_affiliation_strings":["Faculty of Economic, University of Widyatama, Bandung, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economic, University of Widyatama, Bandung, Indonesia","institution_ids":["https://openalex.org/I4210167078"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5040072046","display_name":"Yoga Tantular Rachman","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4210167078","display_name":"Universitas Widyatama","ror":"https://ror.org/05v27w196","country_code":"ID","type":"education","lineage":["https://openalex.org/I4210167078"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Yoga Tantular Rachman","raw_affiliation_strings":["Faculty of Economic, University of Widyatama, Bandung, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Economic, University of Widyatama, Bandung, Indonesia","institution_ids":["https://openalex.org/I4210167078"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4210167078"],"apc_list":null,"apc_paid":null,"fwci":7.136,"has_fulltext":true,"cited_by_count":24,"citation_normalized_percentile":{"value":0.96818795,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":99},"biblio":{"volume":"3","issue":"2","first_page":"165","last_page":"178"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.49410000443458557,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.49410000443458557,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.4790000021457672,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12675","display_name":"Financial Reporting and Valuation Research","score":0.015799999237060547,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.7350000143051147},{"id":"https://openalex.org/keywords/sales-growth","display_name":"sales growth","score":0.9959999918937683},{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":1.0},{"id":"https://openalex.org/keywords/firm-value","display_name":"firm value","score":0.972000002861023},{"id":"https://openalex.org/keywords/real-estate-companies","display_name":"real estate companies","score":0.9559999704360962},{"id":"https://openalex.org/keywords/construction-companies","display_name":"construction companies","score":0.8230000138282776},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.9769999980926514}],"concepts":[{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.8417127132415771},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.8036763668060303},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.780550479888916},{"id":"https://openalex.org/C82279013","wikidata":"https://www.wikidata.org/wiki/Q684740","display_name":"Real estate","level":2,"score":0.7618170380592346},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6776477694511414},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6090137958526611},{"id":"https://openalex.org/C38815200","wikidata":"https://www.wikidata.org/wiki/Q697852","display_name":"Real estate investment trust","level":3,"score":0.5004057884216309},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.4735507071018219},{"id":"https://openalex.org/C84566663","wikidata":"https://www.wikidata.org/wiki/Q2738224","display_name":"Operating leverage","level":3,"score":0.4603983461856842},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.4528827965259552},{"id":"https://openalex.org/C23032112","wikidata":"https://www.wikidata.org/wiki/Q1344727","display_name":"Enterprise value","level":2,"score":0.4404944181442261},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.3883049488067627},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.36122170090675354},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.3266216516494751},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.25971469283103943},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.11707410216331482},{"id":"https://openalex.org/C2908647359","wikidata":"https://www.wikidata.org/wiki/Q2625603","display_name":"Population","level":2,"score":0.08626788854598999},{"id":"https://openalex.org/C144024400","wikidata":"https://www.wikidata.org/wiki/Q21201","display_name":"Sociology","level":0,"score":0.0},{"id":"https://openalex.org/C149923435","wikidata":"https://www.wikidata.org/wiki/Q37732","display_name":"Demography","level":1,"score":0.0},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.35912/ijfam.v3i2.189","doi":"https://doi.org/10.35912/ijfam.v3i2.189","is_oa":true,"landing_page_url":"https://doi.org/10.35912/ijfam.v3i2.189","pdf_url":"https://goodwoodpub.com/index.php/ijfam/article/download/189/212","source":{"id":"https://openalex.org/S4210207042","display_name":"International Journal of Financial Accounting and Management","issn_l":"2656-3355","issn":["2656-3355"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial, Accounting, and Management","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.35912/ijfam.v3i2.189","doi":"https://doi.org/10.35912/ijfam.v3i2.189","is_oa":true,"landing_page_url":"https://doi.org/10.35912/ijfam.v3i2.189","pdf_url":"https://goodwoodpub.com/index.php/ijfam/article/download/189/212","source":{"id":"https://openalex.org/S4210207042","display_name":"International Journal of Financial Accounting and Management","issn_l":"2656-3355","issn":["2656-3355"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Financial, Accounting, and Management","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","score":0.48510000109672546,"id":"https://metadata.un.org/sdg/8"}],"sustainable_development_goals_aurora":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320330967","display_name":"Universitas Widyatama","ror":"https://ror.org/05v27w196"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W3206357300.pdf","grobid_xml":"https://content.openalex.org/works/W3206357300.grobid-xml"},"referenced_works_count":14,"referenced_works":["https://openalex.org/W82038529","https://openalex.org/W2190687731","https://openalex.org/W2361099592","https://openalex.org/W2609231871","https://openalex.org/W2768021479","https://openalex.org/W2769444477","https://openalex.org/W2940214258","https://openalex.org/W2980936360","https://openalex.org/W3183042795","https://openalex.org/W4205609138","https://openalex.org/W4309385600","https://openalex.org/W4376119172","https://openalex.org/W4386547904","https://openalex.org/W6745803263"],"related_works":["https://openalex.org/W2916010850","https://openalex.org/W2911857204","https://openalex.org/W3044532470","https://openalex.org/W3082386273","https://openalex.org/W3162332733","https://openalex.org/W2975693279","https://openalex.org/W3033839449","https://openalex.org/W4210257677","https://openalex.org/W3199237652","https://openalex.org/W7219532266"],"abstract_inverted_index":{"Abstract":[0],"Purpose:":[1],"This":[2,51],"study":[3],"aimed":[4],"to":[5,80,132,153,213],"determine":[6,21],"whether":[7],"leverage,":[8,25,113,162,191],"sales":[9,26,98,114,163,193],"growth,":[10,27,99,115,164],"and":[11,20,30,37,63,100,116,141,155,165,178,204],"dividend":[12,28,101,117,166,207,211],"policies":[13],"influence":[14,111,121],"the":[15,18,22,42,70,75,104,110,137,147,159,174,184],"value":[16,32,124],"of":[17,24,47,77,109,112,122,161],"company":[19,31,105,123],"development":[23],"policy,":[29],"in":[33,119,136,173,199],"real":[34,60,138,175],"estate,":[35,61,139,176],"property,":[36,140,177],"construction":[38,65,143,180],"companies":[39,67,135],"listed":[40,68,145,182],"on":[41,69,146,158,168,183],"Stock":[43,72,149,186],"Exchange":[44,73,150,187],"Indonesia":[45,71,148],"period":[46,76],"2016-2018":[48],"Research":[49],"methodology:":[50],"research":[52,129],"was":[53,87,125],"a":[54,92],"quantitative":[55],"research.":[56],"The":[57,83,107,128],"samples":[58],"were":[59],"property":[62],"building":[64,142,179],"sector":[66],"for":[74],"2016-2018,":[78],"amounting":[79],"20":[81],"companies.":[82],"sampling":[84,90,94],"technique":[85],"used":[86],"non":[88],"probability":[89],"with":[91],"purposive":[93],"method..":[95],"Results:":[96],"Leverage,":[97],"policy":[102,118,167,208],"affect":[103],"value.":[106,170],"magnitude":[108],"contributing":[120],"58.0%.":[126],"Limitations:":[127],"is":[130],"limited":[131],"only":[133,156],"those":[134],"sectors":[144,181],"from":[151],"2016":[152],"2018":[154],"focuses":[157],"effect":[160],"firm":[169],"Contribution:":[171],"Companies":[172],"Indonesian":[185],"should":[188],"reduce":[189],"their":[190,197,206],"increase":[192],"growth":[194],"by":[195,209],"improving":[196],"performance":[198],"selling":[200],"products":[201],"or":[202],"services,":[203],"improve":[205],"increasing":[210],"distribution":[212],"shareholders":[214],"each":[215],"year.":[216]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":4},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":10},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2021-10-25T00:00:00"}