Pengaruh Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan Kelompok LQ 45 Yang Terdaftar DI Bursa Efek Indonesia Tahun 2012-2016 (original) (raw)
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Kebijakan Dividen DI Bursa Efek Indonesia Pada Perusahaan Kelompok LQ 45
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Kebijakan dividen merupakan hal penting dalam manajemen keuangan. Namun sampai saat ini konsep kebijakan dividen masih menjadi pro dan kontra, apakah laba yang dihasilkan akan dibagikan atau ditahan untuk mengembangkan usaha perusahaan. Untuk menjelaskan perdebatan tersebut maka dilakukan penelitian pada perusahaan publik yang terdaftar di BEI kelompok perusahaan yang masuk dalam LQ 45 selama tahun 2005-2014. Penelitian menggunakan model regresi berganda untuk menjelaskan faktor apa saja yang dipertimbangkan dalam menjalankan kebijakan dividen perusahaan. Hasil penelitian menyimpulan bahwa yang dipertimbangkan dalam pembagian dividen kas perusahaan adalah investasi dan leverage berdampak terhadap pengurangan dividen sedangkan profitabilitas berdampak pada peningkatan dividen kas. Variabel size dan likwiditas tidak mempengaruhi kebijakan dividen. Dikaitkan dengan agency theory, tampak perusahaan dalam kelompok LQ 45 mengurangi konflik keagenan dengan meningkatkan investasi yang dibiayai dari sumber internal dan eksternal. Sumber eksternal untuk menambah kontrol manajemen oleh pihak kreditor dan dividen dibagikan untuk memberikan return atas dana yang ditanamkan pemegang saham.
Ekonomis: Journal of Economics and Business
The aim of this research was to find out and analyze the significant effect of dividend policy, leverage, and profitability on firm value of LQ-45 companies listed on Indonesia Stock Exchange year of 2015 until 2019. Type of this research was quantitative with method of data analysis used panel data regression. The research results showed that dividend policy, leverage as well as profitability has a positive and significant effect on firm value of LQ-45 companies listed on Indonesia Stock Exchange year of 2015-2019. Referred to the conclusion, management of LQ-45 companies listed on Indonesia Stock Exchange needs to prioritize their financial policies related to dividend policy, leverage and profitability. The ways could be done by continue to pay or distribute dividend regularly every year while still managing retained earnings effectively, set a proportional debt level and controlling the operational costs more efficiently as well as continuously increase their capital investment ...
2020
This study aims to determine the effect of Profitability, Dividend Policy, and Debt to Company Value at Indonesian Company LQ 45 whose registered in the Indonesian Stock Exchange (BEI) for the 2014-2018 period, with purposive sampling technique for Indonesia Company LQ 45 in 2014-2018 and using multiple linear regression analysis with Statistical Package for the Social Sciences (SPSS), the data used is secondary data from the relevant resources. The results showed that the Profitability (ROA) has a significant positive effect on Company Value (PBV). Dividend Policy (DPR) has no effect on Company Value(PBV). Debt (DAR) has a significant positive effect on Company Value (PBV). This study is very useful for companies to increase the value of profitability ratios and debt to assets ratios because it can increase the value of the company. High corporate values wii increase investor confidence to invest and increase its shares, so that the company’s value can be maxim um . Based on the co...
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Menara Ilmu
Tujuan dari penelitian ini adalah untuk mengetahui pengaruh kebijakan hutang dan kepemilikan manajemen terhadap kinerja keuangan perusahaan LQ45 di Bursa Efek Indonesia dari tahun 2016 sampai dengan tahun 2020. Jenis penelitian ini adalah penelitian kuantitatif asosiatif. Teknik analisis data yang digunakan adalah pengujian hipotesis klasik dan analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa kebijakan utang dan kepemilikan manajemen secara bersamaan berpengaruh signifikan terhadap kinerja keuangan. Kebijakan utang dan kepemilikan manajemen, di sisi lain, tidak memiliki dampak yang signifikan terhadap kinerja bisnis.
Jurnal Ekonomi STIEP
This study aims to analyze the effect of company size, dividend policy, leverage policy, managerial ownership and profitability on firm value on the LQ 45 index listed on the Indonesia stock exchange. The technique of collecting time series data for five years is from 2013 to 2017, by analyzing the LQ 45 company’s annual report. This type of research is included in causal research with quantitative methods, and data analysis techniques using multiple linear regression. The results of the analysis show that simultaneous company size, dividend policy, leverage policy, managerial ownership and profitability have a significant effet on firm value, whereas only partially only company size have a significant effect.
2011
The research will study the impact of free cash flow, institutional ownership, firm size, and dividend policy toward debt policy which represented by debt to equity ratio on companies which its stocks included in LQ45 Index at Indonesian Stock Exchange. Free cash flow, institutional ownership, firm size, and dividend policy used as independent variables meanwhile debt policy used as dependent variable. Samples in this research took by using purposive sampling method, 19 companies which included in LQ45 index were obtained as samples. Research period were began from 2008 through 2009. Data were secondary data consisted of financial statement and IDX's factbook that downloaded from IDX's website. Multiple regression technique used to analyse the data. The results show that only firm size itself may have significant effect on debt policy which represented by debt to equity ratio. Free cash flow, institutional ownership, and dividend policy did not effect debt policy significantly. Simultaneously, free cash flow, institutional ownership, firm size, and dividend may have significant effect on debt policy which is represented by debt to equity ratio. Result of analysis show that predictive ability of the four independent variables (Free cash flow, institutional ownership, firm size, and dividend policy) is 52,1% and it shown by adjusted R 2 value, the rest 47,9% influenced by other variables outside the model.
Determinasi Kebijakan Dividen Pada Perusahaan LQ45 Yang Terdaftar DI Bursa Efek Indonesia
MEDIA BINA ILMIAH, 2022
Penelitian ini bertujuan untuk menganalisis faktor yang mempengaruhi kebijakan dividen pada perusahaan LQ 45 yang Listing di Bursa Efek Indonesia. Jenis penelitian yang di gunakan adalah jenis penelitian kuantitatif dengan menggunakan Metode porpusive sampling untuk menentukan sampel. Penelitian ini menggunakan 45 perusahaan LQ45 sebagai populasi dan terdapat 24 sampel perusahaan LQ45 yang terdaftar di BEI periode 2016-2019. Data ini diolah dengan menggunakan aplikasi SPSS dan metode analisis dalam penelitian ini menggunakan Regresi Linier Berganda. Hasil analisis menunjukkan bahwa secara simultan semua variabel bebas berpengaruh terhadap kebijakn dividen, namun secara parsial hanya profitabilitas yang berpengaruh signifikan
Jurnal Online Mahasiswa Bidang Ilmu Ekonomi, 2015
1 PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEPUTUSAN KEUANGAN DAN NILAI PERUSAHAAN PADA PERUSAHAAN LQ-45 YANG TERDAFTAR DI BURSA EFEK INDONESIA NURFITRI APRILINI Ipit_aprilini@yahoo.com ; No. Hp 085265667440 RESTU AGUSTI RISKA NATARIASARI ABSTRACT The aimed of this study is to investigate the effect of ownership structure to funding decisions, investment decisions, dividend policy and company value. The Sample in this research are 22 companies of the LQ 45 Company in Indonesia Stock Exchaange (IDX) so that the total sample period 2011-2012 amounted to 44 research data. This research uses multiple regression analysis with the SPSS program version 19.0. The result of this study found that managerial ownership have a significant effect on funding decisions, while institutional ownership has no significant effect on funding decisions. Ownership structure have a significant effect on dividend policy and ownership structure have a significant effect on company value. The magnitude of the effect managerial ownership on funding decisions is equal to -0,975. The magnitude of the effect institutional ownership and managerial ownership on dividend policy is equal to -1,818 and -0,04. While the magnitude of the effect institutional ownership and managerial ownership on company value is 1,772 and 0,202.
JMM UNRAM - MASTER OF MANAGEMENT JOURNAL
The impact of the Covid-19 pandemic was not only felt in the field of health, but also had an impact on the economy. This research aims to find out the difference between Funding Policy (DAR), Investment Policy (FAR), Dividend Policy (DPR) and company value (Tobin's Q) before and during the Covid-19 pandemic in LQ 45 Companies listed on IDX. The results showed that there was no significant difference in DAR, FAR, DPR and Tobin's Q before and during the Covid-19 pandemic in the LQ 45 Company listed on the IDX. Before covid 19 DAR and DPR had a positive and significant effect on Tobin's Q. While during covod 19 only dpr had a positive and significant effect on Tobin's Q LQ 45 company registered with idx. Keywords: Covid-19 Pandemi, Financing Policy, Investment Policy, Dividend Policy and Corporate Value