The Effect of Capital Structure, Profitability, Liquidity, and Company Size on Firm Value with Dividend Policy as a Moderating Variable in Construction and Building Companies Listed on the IDX for the 2019-2023 Period

In the current revolutionary era, many economic factors are influenced, both because of the growing economic dynamics, advancing technology, or in every aspect of social life. The purpose of this study was to determine the effect of capital structure, profitability, liquidity, and company size on firm value with dividend policy as a moderating variable in construction and building companies listed on the IDX for the 2019-2023 period. This research uses a quantitative approach. The population selected was 27 companies. Determination of the sample used, namely the purposive sampling method as many as 5 companies as research samples. The results obtained capital structure has a positive and significant effect on firm value, profitability has no significant and negative effect on firm value, liquidity has no significant and positive effect on firm value, company size has a negative and significant effect on firm value, Dividend policy is not able to moderate the effect of capital structure and profitability on firm value, dividend policy is able to moderate the effect of liquidity and firm size on firm value, Capital structure, profitability, liquidity, and firm size simultaneously affect firm value, Dividend policy is able to moderate the effect of capital structure, profitability, liquidity, and firm size.