PENGARUH KEBIJAKAN DIVIDEN DAN STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN HUTANG SEBAGAI VARIABEL INTERVENING
| Main Author: | RIFIA, ADE |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2017
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| Subjects: | |
| Online Access: |
https://eprints.untirta.ac.id/1867/1/PENGARUH%20KEBIJAKAN%20DIVIDEN%20DAN%20STRUKTUR%20KEPEMILIKAN%20TERHADAP%20NILAI%20PERUSAHAAN%20DENGAN%20KEBIJAKAN%20HU.PDF https://eprints.untirta.ac.id/1867/ |
Daftar Isi:
- This research was aimed at finding out the effect of dividend policy and institutional ownership on firm value with debt policy as intervening variable in manufacture companies listed in Bursa Efek Indonesia during the period of 2010- 2015. This research’s dependent variable was firm value, which was measure by price earning ratio (PER); the independent variable were dividend policy, which was measured by dividend payout ratio, and ownership structure which was measure by institutional ownership; and the intervening variable was debt policy, which was measured by debt to equity ratio (DER). The population of this research consisted of all manufacture companies listed in Bursa Efek Indonesia during the period of 2010-2015. The sample of this research involved 15 companies from 157 population’s companies. The sample was determined based on purposive sampling. The data was analyzed using classical assumption test, partial test (t test) and path analysis. This research indicated that: (1) dividend policy positively and significantly affected firm value, (2) ownership structure had no effect on firm value, (3) debt policy had no effect on firm value, (4) dividend policy had no effect on debt policy, (5) ownership structure had no effect on debt policy, (6) dividend policy had no effect on firm value with debt policy as intervening variable, (7) ownership structure had no effect on firm value with debt policy as intervening variable.