scholarly journals INTERAKSI LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN MELALUI DIVIDEND POLICY

2021 ◽  
Vol 3 (1) ◽  
pp. 1-11
Author(s):  
Anik Puspa ◽  
Ni Luh Anik Puspa Ningsih ◽  
Made Pratiwi Dewi
Keyword(s):  
Firm Value ◽  
Stock Price ◽  
Dividend Policy ◽  
Sampling Technique ◽  
Financial Statements ◽  
Company Performance ◽  
Share Prices ◽  
Financial Variables ◽  
Food And Beverages

Firm value is a reflection of company performance which is explicitly shown through share prices. The stock price is one of the parameters for investors in investing. The higher the stock price, the better the company's performance. This study aims to analyze the interaction of firm value with other financial variables as reflected in the company's financial statements, namely leverage, profitability and dividend policy, which are also considered by investors in long-term investment. The population in this study were Food and Beverages companies on the IDX from 2017 to 2019. The population of this study was 31 Food and Beverages companies, the sampling technique using purposive sampling method was obtained as many as 19 sample companies. Data analysis using path analysis techniques. The findings of this study: (1) Leverage has a positive and significant effect on firm value, (2) Leverage has a negative and significant effect on dividend policy. (3) Profitability has a positive andsignificant effect on firm value, (4) Profitability has a positive and significant effect on dividend policy, (5) Dividend policy has a positive and insignificant effect on firm value. (6) Leverage has a positive and significant effect on firm value through dividend policy mediation. (7) Profitability has a positive and significant effect on firm value through dividend policy mediation.

scholarly journals Pengaruh Market Value, Leverage dan Assets Management Terhadap Firm Value dengan Kebijakan Dividen Sebagai Variabel Moderasi

2020 ◽  
Vol 4 (5) ◽  
pp. 253
Author(s):  
Fanny Fanny ◽  
Indra Widjaja
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Independent Variables ◽  
Market Values ◽  
Test Result ◽  
Collection Methods

An established company has two goals, short term and long term goals. In the long term goals, the company will try to maximize the value of the company. Maximizing firm value is essential for company because it means increasing the wealth of shareholders as well. This study examines the effect of market values, leverages, and management asset into the firm’s  value with dividend policy as a moderating variable. For this purpose, the firms in the sub-sector chemical listed in Indonesia Stock Exchange during the period of 2009 - 2018 are examined. The sampling method was done by using purposive sampling. Secondary data collection methods were taken from IDX published financial statements. This research used multiple regression analysis with fixed effect method to test their hypothesis using Eviews 9.0. The results show that earning per share has a negative significant effect to firm value in which is measured by price to book the value, while leverage and management assets have a positive significant impact to the firm’ value. F-test result shows that all independent variables in this research simultaneously has a significant effect to firm’s value with dividend policy as a moderating variable in sub sector chemical estate listed in Indonesia Stock Exchange. In the test of Adjusted R2, the analysis results showed that 43.41% firm’s value was influenced by the independent variables of this research while the remaining is influenced by other factors which are not studied.

The Effects of Leverage, Investment Decision, Dividend Policy and Profitability, on Firm Value of the Automotive Sector Companies

2021 ◽  
Vol 5 (2) ◽  
pp. 68
Author(s):  
Heri Ispriyahadi ◽  
Grace Aprilia Uli Putri
Keyword(s):  
Firm Value ◽  
Stock Price ◽  
Fixed Effects ◽  
Dividend Policy ◽  
Positive Impact ◽  
Stock Exchange ◽  
Investment Decision ◽  
Sampling Technique ◽  
Automotive Sector ◽  
The Impact

<p>This paper examined the impact of leverage, investment decision, dividend policy and profitability on the firm value of the automotive sector companies from 2010 - 2016. There are 12 firms chosen using a purposive sampling technique implementing specific criteria. Those firms are publicly listed on the Indonesia Stock Exchange. Panel data regression (Pooled OLS, Fixed Effects, and Random Effects) is used in this research. The results have shown that leverage, dividend policy and profitability, have a positive and significant impact on firms' value. A rise in these factors will lead to an increasing stock price, whereas even though has  has a positive impact, but investment decision not a substantial effect on company value.</p>

scholarly journals PENGARUH KEBIJAKAN DEVIDEN TERHADAP HARGA SAHAM (STUDI KASUS PADA PT TOTAL BANGUN PERSADA TBK)

2020 ◽  
Vol 16 (2) ◽  
pp. 220-226
Author(s):  
Putri Yani ◽  
Nurul Huda
Keyword(s):  
Significant Influence ◽  
Stock Prices ◽  
Dividend Policy ◽  
Sampling Technique ◽  
Financial Statements ◽  
Test Results ◽  
Purposive Sampling ◽  
Share Prices

The purpose of this study was to determine the effect of dividend policy on stock prices (a case study at PT totalangun persada Tbk). The population of this research is the financial statements of dividend policy and share prices (case study at PT totalangun persada Tbk), for 10 years, namely 2009 - 2018. angun persada Tbk), for 5 years, namely 2014 - 2018. This research is an associative study with a sampling technique, namely purposive sampling. The test results show that there is a significant influence between dividend policy on stock prices (a case study at PT totalangun persada Tbk). With a R2 value of 10.8%.

scholarly journals The Effect of Profitability, Capital Structure, Company Size, and Dividend Policy on Company Value on the Indonesia Stock Exchange

2020 ◽  
pp. 060-066
Author(s):  
Titik Purwanti
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Sampling Technique ◽  
Coefficient Of Determination ◽  
Company Size ◽  
Manufacturing Companies

Every company, especially companies that have gone public have value. The value that is owned by the company is a perception that comes from investors to the level of achievement of the success of a company in managing various resources that are controlled and owned which is reflected in the stock price of the company in the market. This study aims to determine the effect of profitability, capital structure, company size, and dividend policy on firm value. The companies in this study are manufacturing companies listed on the Indonesian stock exchange during the period of 2015 to 2018. The population of this research is all manufacturing companies listed on the Indonesian stock exchange in 2015-2018. The research sample of 11 companies. The technique used in the sampling of this study used a purposive sampling technique. In this study secondary data was obtained from the Indonesian Capital Market Directory. Data analysis techniques using descriptive statistics and testing using the classic assumption test. Testing the research hypothesis using multiple linear regression test, simultaneous test (F test), partial test (t test), and coefficient of determination test (R2 test). The results showed that simultaneous profitability, capital structure, company size, and dividend policy significantly influence the value of manufacturing companies. Partially, profitability has a positive and significant effect on firm value, capital structure has a positive and significant effect on firm value, company size has a negative and significant effect on firm value, and dividend policy has positive and not significant effect on firm value.

scholarly journals Effect of Liquidity, Asset Management, Leverage and Dividend Policy on Firm Value at Food and Beverages Companies Listed on the Indonesia Stock Exchange

2021 ◽  
Vol 4 (2) ◽  
pp. 2695-2701
Author(s):  
Andreas Andreas ◽  
Christin Christin ◽  
Shelly Wijaya Wijaya ◽  
Jessi Charina Sembiring
Keyword(s):  
Asset Management ◽  
Firm Value ◽  
Quantitative Research ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Financial Statements ◽  
Descriptive Research ◽  
Food And Beverages ◽  
Asset Turnover ◽  
Equity Ratio

This study aims to analyze the effect of liquidity, asset management, leverage and dividend policy on firm value at Food and Beverages Companies listed on the Indonesia Stock Exchange. The type of research used is quantitative research because the data used is numbers while the nature of this research is descriptive research. The population in this study amounted to 30 Food and Beverages Companies listed on the Indonesia Stock Exchange. The research sample used is in the form of financial statements of Food and Beverages Companies listed on the Indonesia Stock Exchange with a total of 20 companies from 2016-2019. The results of this study indicate that the current ratio, total asset turnover, debt to equity ratio and dividend payout ratio have a positive and significant effect on firm value at Food and Beverages Companies

Pengaruh Keputusan Investasi, Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Ivan Somantri ◽  
Hadi Ahmad Sukardi
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Mining Sector ◽  
Dividend Policies ◽  
Negative Effect ◽  
Debt Policy ◽  
Debt Policies

This study aims to determine how to influence simultaneously and partially investment decisions, debt policy and dividend policy on firm value in mining sector companies listed on the Indonesia Stock Exchange for the period 2013-2017. The research method used in this study is descriptive and associative methods. The population in this study were mining sector companies listed on the Indonesia Stock Exchange in the period 2013-2017, which amounted to 43 companies. The sampling technique used in this study is non probability sampling with purposive sampling method, so that the number of samples obtained is 8 companies. While the data analysis used in this study is panel data regression analysis with the fixed effect method. The results of the study show that partially investment decisions and debt policies have a positive effect on firm value. While dividend policy has a negative effect on firm value. In addition, the results of the study simultaneously show that investment decisions, debt policies and dividend policies affect the value of the company. The amount of investment decisions, debt policy and dividend policy in contributing influence to earnings management is 34.14%.

Pengaruh Ukuran Perusahaan, Leverage, Kebijakan Dividen dan Profitabilitas terhadap Nilai Perusahaan Studi pada Perusahaan Manufaktur Sektor Food And Beverages

2021 ◽  
Vol 4 (3) ◽  
pp. 626-640
Author(s):  
Nur Anisa ◽  
Sri Hermuningsih ◽  
Alfiatul Maulida
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Quantitative Research ◽  
Sampling Method ◽  
Dividend Policy ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Food And Beverages ◽  
Selection Of

This study aims to examine the effect of firm size, leverage, dividend policy and profitability on firm value in the study of manufacturing companies in the food and beverages sector. This research uses quantitative research. The technique used in sampling is the purposive sampling method, namely the selection of samples is carried out with predetermined criteria. So that as many as 35 data were obtained from 7 food and beverages companies listed on the IDX during the 2016-2020 period. The data analysis method used is multiple linear regression analysis using the SPSS version 23 program. Based on the results of the study, it shows that: (1) firm size has no effect on firm value, (2) leverage has a negative and significant effect on firm value, (3) dividend policy has no effect on firm value, (4) profitability has a positive and significant effect on firm value. Keywords: firm size, leverage, dividend policy and profitability.

scholarly journals FACTORS AFFECTING OPERATING CASH FLOW TO STOCK RETURN THROUGH STOCK PRICE

2018 ◽  
Vol 5 (2) ◽  
Author(s):  
Aprih . Santoso
Keyword(s):  
Stock Returns ◽  
Cash Flow ◽  
Stock Prices ◽  
Stock Price ◽  
Stock Return ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Statements ◽  
Manufacturing Companies ◽  
Operating Cash Flow

Abstract : Companies need funds in order to carry out operations such as the financing of production activities, pay employees, pay other expenses related to the operation of the company. One way to obtain these funds is to attract investors to invest in companies in the form of stock, but in making this investment is certainly not easy for investors, because investors need consideration beforehand to find out how the company's performance. The purpose of this study was to examine and analyze the effect of operating cash flow to stock return through stock price at companies listed on the Stock Exchange Year 2012-2015. The data used in this study dala are secondary data from the financial statements of companies listed on the Indonesia Stock Exchange period 2012 - 2015. The data are in the form of financial statements can be obtained from the Indonesian Capital Market Directory (ICMD), the IDX website www.idx.co. id as well as from various other sources to support this research. The population in this research is manufacturing companies listed on the Stock Exchange the period 2012 - 2015. The samples taken by the sampling technique used purposive sampling.From the test results and analysis of the data it can be concluded that operating cash flow directly and indirectly has no effect on stock returns through stock prices showed no significant results. Keywords :  Operating Cash Flow, Stock Price, Stocks Return

scholarly journals PENGARUH CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DI BURSA EFEK INDONESIA STUDI PADA SEKTOR CONSUMER GOODS PERIODE 2013-2017

account ◽  
2019 ◽  
Vol 6 (2) ◽  
Author(s):  
Tasya Anindya Pramesti ◽  
Elly Mirati ◽  
Petrus Hari Kuncoro
Keyword(s):  
Corporate Governance ◽  
Consumer Goods ◽  
Firm Value ◽  
Audit Committee ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Managerial Ownership ◽  
Panel Regression ◽  
Company Performance ◽  
Analysis Method

PENGARUH CORPORATE GOVERNANCE TERHADAP NILAI PERUSAHAAN DIBURSA EFEK INDONESIA STUDI PADA SEKTOR CONSUMER GOODS PERIODE 2013-2017Tasya Anindya [email protected]. Elly [email protected] Hari Kuncoro [email protected] Studi Manajemen Keuangan Politeknik Negeri JakartaABSTRACTCorporate governance is one of the most important mechanism in the internal companymanagement to keep the company performance with the intention to incrase the firm value. Thepurpose of this study is to test the influence of corporate governance on firm value which is proxiedwith PBV. This research is quantitative and assocative research where data is obtained from annualreport from company that listed in Indonesia Stock Exchange in the consumer goods sector in 2013-2017 published by BEI. The population of this study are 46 companies with the sampling technique used is purposive sampling and 6 companies are choosen. The data analysis method used is panel regression through several tests including classic assumption test and hyppothesis testing partially and simultaneously. The results of this study are managerial ownership is significantly influenced firm value, but institutional ownership, independent commisioner, and audit committee has no influence on firm value significantly, and corporate governance simultaneously is significantly influenced firm value.Keywords: Corporate Governance, Firm Value, PBV ABSTRAKCorporate governance merupakan salah satu mekanisme yang sangat penting dalam suatuinternal manajemen perusahaan untuk menjaga kinerja perusahaan dengan tujuan meningkatkannilai perusahaan. Tujuan dari penelitian ini adalah untuk menguji pengaruh corporate governanceterhadap nilai perusahaan yang diwakilkan dengan PBV. Penelitian ini adalah penelitian kuantitatifdan asosiatif dimana data diperoleh dari laporan tahunan perusahaan yang terdaftar di Bursa EfekIndonesia sektor consumer goods pada periode 2013-2017 yang diterbitkan oleh BEI. Populasi daripenelitian adalah 46 perusahaan dengan teknik pengambilan sampel menggunakan purposivesampling dan hasil sampel penelitian ini sebanyak 6 perusahaan. Metode analisis data yangdigunakan adalah metode regresi data panel termasuk pengujian asumsi dan kesesuaian model danpengujian hipotesis baik secara parsial dan secara simultan. Hasil dari penelitian ini menunjukanbahwa kepemilikan manajerial berpengaruh terhadap nilai perusahaan, sedangkan kepemilikaninstitusonal, komisaris independen, dan komite audit tidak berpengaruh signifikan terhadap nilaiperusahaan, dan corporate governance secara simultan berpengaruh terhadap nilai perusahaan. Kata kunci: Corporate Governance, Nilai perusahaan, PBV

scholarly journals The Effect of Ownership Structure and Financial Performance on Firm Value with Dividend Policy as Moderating Variable at Property and Real Estate Companies

2020 ◽  
Vol 5 (7) ◽  
pp. 638-645
Author(s):  
Witya Shalini ◽  
Erlina . ◽  
Prihatin Lumban Raja
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Multiple Linear Regression Analysis ◽  
Managerial Ownership ◽  
Company Value

This study aims to determine managerial ownership, institutional ownership, liquidity, leverage, and profitability on firm value with dividend policy as a moderating variable. This type of research is explanatory research with a quantitative approach. The population used in this study are property and real estate companies listed on the Indonesia Stock Exchange from 2010 to 2018. The sampling technique uses purposive sampling so that the selected sample is 16 companies. This study uses descriptive statistical data analysis and multiple linear regression analysis. The results of this study indicate that 1). Managerial Ownership, Institutional Ownership, and Liquidity do no effect on Company Value. 2). Leverage has a negative and significant impact on Company Value. 3). Profitability has a positive and significant impact on Company Value. 4). Dividend Policy cannot moderate the effect of the Managerial Ownership relationship on Company Value. 5). Dividend policy can partially influence the relationship of Institutional Ownership, Liquidity, Leverage, and Profitability to Company Value.

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