PENGARUH FREE CASH FLOW TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING
| Main Author: | NURMALIANTY, TANTY |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2017
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| Subjects: | |
| Online Access: |
https://eprints.untirta.ac.id/1826/1/PENGARUH%20FREE%20CASH%20FLOW%20TERHADAP%20NILAI%20PERUSAHAAN%20DENGAN%20KEBIJAKAN%20DIVIDEN%20SEBAGAI%20VARIABEL%20INTER.PDF https://eprints.untirta.ac.id/1826/ |
Daftar Isi:
- The purpose of this study was to determine whether there is influence between the investment decision on firm value, by using good corporate governance as an intervening variable on consumer goods industry companies in the Indonesian Stock Exchange 2011-2015 period. In this research Free cah flow is measured by FCF, firm value is measured by price to book value, dividend policy is measured by dividend payout ratio. The population that used in this study is a consumer goods industry company which listed on the Indonesia Stock Exchange (BEI) from 2011-2015 as many as 13 companies. By using saturated sampling method obtained as many as 13 companies. The data used is secondary data. Analysis of data using classic assumption test, Path analysis, and partial test (t test). By using SPSS (Statistical Product and Service Solution) program 22 for windows. From the result of the calculations, all the test of classical principle has been fulfilled. The results show: (1) free cash flow (FCF) does not apply to the Firm Value (PBV), (2) free cash flow (FCF) does apply to the dividend Policy (DPR), (3) free cash flow (FCF) does not apply to the Dividend Policy (DPR). And from the results of intervening regression analysis showed that (3) Dividend Policy as mediating variable is unable to mediating the Free Cash Flow (FCF) to Firm Value (PBV).