Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan: Kebijakan Dividen Sebagai Pemediasi (original) (raw)
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Keputusan investasi, Keputusan Pendanaan dan Kebijakan Dividen Sebagai Determinan Nilai Perusahaan
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Optimization of the company's value can be achieved through the implementation of the financial management function, where the financial decisions taken will affect other financial decisions and have an impact on the value of the company's financial management regarding the settlement of the important decisions taken by the company. This study aimed to analyze the influence investment decisions, financing decisions and dividend policy on the value of companies listed on the Indonesia Stock Exchange.Population in this research are manufacturing companies listed on the Stock Exchange from 2010-2013. After the selection of samples by purposive sampling method obtained a sample of 44 observations for four years. The research data was obtained from the published annual reports and stock price data downloaded from www.finance.yahoo.com. The analysis tool used is multiple linear regression and hypothesis testing is done by using the coefficient of determination, F test and t test. ...
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The purpose of this study was to determine the role of dividend policy in mediating the effect of financial performance on firm value. The samples used in this study were all manufacturing companies listed on the Indonesia Stock Exchange for the period 2010-2018 that had met the criteria. Profitability as one of the confirmed financial performances has inconsistent effects on firm value. To overcome this inequality, dividend policy is proposed as an intervening variable. The results show that dividend policy can mediate the effect of profitability on firm value. This finding supports the signaling theory and proves that financial performances as measured by profitability ratios can further increase firm value by optimizing its dividend policy.
Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen DI Indonesia
Jurnal Ilmu Manajemen Volume Nomor-Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Surabaya 2016 343 Abstract The purpose of this research was to understand the influence of profitability, debt to equity ratio, firm size, growth, and cach ratio on divident payout ratio. In this research, researcher used ROA to measure profitability variable. The object of this study were firm of consumer goods industry sector listed at Indonesia Stock Exchange (IDX) period 2011-2014. This research use kuantitative approach with secondary data. The methods of data analysis in this research were multiple regression models. The result of this study indicated that, just a profitability variable which has a positive significant relationship on divident payout ratio. While the fourth other variables, such as debt to equity ratio, firm size, growth, and cash ratio have no significant relationship on divident payout ratio in firm of consumer goods industry sector. Keywords: profitability, debt to equi...
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The value of a company is the goal that the company aims to achieve as a result of its success and reputation built over the years. The company's primary focus is to achieve maximum profitability and maintain a high value. Additionally, by optimizing the company's value, it becomes a consideration for prospective investors in making investment decisions. This research aims to examine the influence of dividend policy, investment decisions, and financing decisions on the value of food and beverage companies listed on the Indonesia Stock Exchange. Purposive sampling was used as the sampling method. Panel data regression analysis was employed to analyze the data. The results of the analysis indicate that, partially, dividend policy has an impact on the value of the company, while investment decisions and financing decisions do not affect the value of the company. Simultaneously, dividend policy, investment decisions, and financing decisions collectively influence the value of th...
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This research aims to see how the influence of firm size, leverage, and investment opportunity settings on stock returns with dividend policy as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange during 2017-2019. The sample was selected by purposive sampling method and the valid data were 52 companies. The data processing technique uses multiple regression analysis assisted by the EViews 10 and Microsoft Excel 2010 programs. The results of this study indicate that the influence and investment opportunities have a significant effect on stock returns, and dividend policy is able to moderate the effect of established investment opportunities on stock returns. The implication of this research is the need for investors to pay attention to the level of debt that the company uses in financing the company's operating activities, as well as the size of the set of investment opportunity set the company has which can affect the stock returns that inves...