scholarly journals KEBIJAKAN DIVIDEN, HUTANG, DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 12 (1) ◽  
pp. 31-36
Author(s):  
Pery Sutisna ◽  
Jaja Suteja
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Sample Method ◽  
Debt Policy ◽  
Method Analysis

Firm value was a goal that must be achieved in the context of the welfare of shareholders. The objective of this research was to investigate the effect of dividend policy, debt policy, and profitability to firm value of property and real estate industries in 2012-2016. Population of this research was property and real estate companies listed in Indonesia Stock Exchange (IDX). The sampling method used was purposive sampling and the results were 10 companies according to the criteria of the sample. Method analysis using pooled regression. The results showed that dividend policy, debt policy, and profitability have significant effect to firm value simultaneously. Partially, dividend and debt policy have not significant effect to the firm value partially, but profitability has significant effect.

PENGARUH PROFITABILITAS, KEBIJAKAN DEVIDEN DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 15 (1) ◽  
pp. 1
Author(s):  
Hidayah Wiweko ◽  
Meiyana Eka Martianis LT
Keyword(s):  
Regression Analysis ◽  
Data Analysis ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Descriptive Statistics ◽  
Significance Level ◽  
Purposive Sampling ◽  
Debt Policy

ABSTRACT The purpose of this study was to determine the effect of profitability, dividend policy and debt policy on the value of the company in state-owned companies (SOEs) listed on the Indonesia Stock Exchange (IDX) in 2013-2018. The variables examined in this study were profitability, dividend policy and debt policy while the sample used in this study used a purposive sampling method. Data analysis uses descriptive statistics, classic assumption tests, multiple regression analysis and hypothesis testing. The error or significance level used is 5%. The results of this study indicate that the profitability variable has a significant effect and debt policy has a significant effect on firm value, while the dividend policy variables have no significant effect on firm value. Keywords : Profitability, Dividend Policy and Debt Policy. ABSTRAK     Tujuan dilakukan penelitian ini adalah untuk mengetahui pengaruh profitabilitas, kebijakan deviden dan kebijakan hutang terhadap nilai perusahaan pada perusahaan Badan Usaha Milik Negara (BUMN) yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013-2018. Variabel yang diteliti dalam penelitian ini adalah profitabilitas, kebijakan deviden dan kebijakan hutang sedangkan sampel yang digunakan dalam penelitian ini menggunakan metode purposive sampling. Analisis data menggunakan statistik deskriptif, uji asumsi klasik, analisis regresi berganda dan pengujian hipotesis. Tingkat kesalahan atau signifikansi yang digunakan adalah 5%. Hasil penelitian ini menunjukkan bahwa variabel profitabilitas berpengaruh dan kebijakan hutang berpengaruh signifikan terhadap nilai perusahaan, sementara variabel kebijakan deviden tidak berpengaruh signifikan terhadap nilai perusahaan. Kata Kunci : Profitabilitas, Kebijakan Deviden dan Kebijakan Hutang

scholarly journals ANALISIS PENGARUH KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN, DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PEMBIAYAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

BISMA ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 43
Author(s):  
Febriani Florentin Sinaga
Keyword(s):  
Path Analysis ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Financial Data ◽  
Factors Affecting ◽  
Purposive Sampling ◽  
Company Value ◽  
Company Growth ◽  
Debt Policy

This study aims to analyze the effect of debt policy, dividend policy, and company growth on company value, with profitability as the intervening variable, in the finance companies listed on the Indonesia Stock Exchange (IDX). The population of this study was all finance companies listed on IDX for the period of 2015 and 2016. The purposive sampling method was used in this study with the sample consisted of 12 finance companies. Data used were financial data sourced from the website of IDX. Data were analyzed using path analysis with two equations, i.e., the factors affecting company value and the factors affecting company profitability. Results of the study showed that debt policy, dividend policy, company growth, and profitability have no significant effect on company value. This study also found that debt policy and company growth  have no significant effect on profitability, while dividend policy significantly affects profitability. Keywords : Debt policy, dividend policy, company growth, profitability

scholarly journals Pengaruh Kebijakan Dividen, Kebijakan Utang, Profitabilitas, Kepemilikan Manajerial, dan Komite Audit terhadap Nilai Perusahaan

2020 ◽  
Vol 5 (1) ◽  
pp. 41
Author(s):  
Siti Siti ◽  
Ahalik Ahalik
Keyword(s):  
Firm Value ◽  
Audit Committee ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Tobin’S Q ◽  
Manufacturing Companies ◽  
Tobin's Q ◽  
Purposive Sampling ◽  
Debt Policy

Abstrak:Penelitian ini dilakukan dengan tujuan untuk mengetahui pengaruh kebijakan dividen, kebijakan utang, profitabilitas, kepemilikan manajerial, dan komite audit terhadap nilai perusahaan. Teknik pemilihan sampel penelitian ini menggunakan purposive sampling. Sampel dalam penelitian ini adalah sebanyak 75 perusahaan manufaktur yang terdaftar di BEI periode 2013-2017. Data penelitian ini menggunakan data dari laporan keuangan dari setiap perusahaan sampel. Analisis data penelitian ini menggunakan analisis regresi berganda dengan pemakaian SPSS 24. Nilai perusahaan dalam penelitian ini diukur dengan rasio Tobin’s Q. Hasil penelitian ini menunjukkan kebijakan dividen, kebijakan utang, profitabilitas, kepemilikan manajerial dan komite audit secara bersama-sama berpengaruh terhadap nilai perusahaan. Variabel kebijakan dividen (DPR), kebijakan utang (DER), kepemilikan manajerial (KM) dan komite audit (KA) tidak berpengaruh terhadap nilai perusahaan, sedangkan profitabilitas (ROE) berpengaruh positif signifikan terhadap nilai perusahaan.   Kata Kunci:kebijakan dividen, kebijakan utang, nilai perusahaan, profitabilitas.              Abstract:This research was conducted with the aim to determine the effect of dividend policy, debt policy, profitability, managerial ownership, and audit committee on firm value. The technique of selecting this research sample using purposive sampling. The sample in this study were 75 manufacturing companies listed on the Stock Exchange in the period 2013-2017. This research data uses data from financial statements from each sample company. The data analysis of this study uses multiple regression analysis with the use of SPSS 24. The company value in this study is measured by Tobin’s Q ratio. The results of this study indicate dividend policy, debt policy, profitability, managerial ownership and audit committee jointly influence the firm value. The variable dividend policy (DPR), debt policy (DER), managerial ownership (KM) and audit committee (KA) did not affect the value of the company, while profitability (ROE) had a significant positive effect on firm value.   Keywords:dividend policy, debt policy, firm value, profitability

FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BEI

2020 ◽  
Vol 17 (1) ◽  
pp. 13
Author(s):  
Vera Marcelina ◽  
Samin Samin ◽  
Kornel Sitanggang
Keyword(s):  
Quantitative Study ◽  
Significant Influence ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Purposive Sampling ◽  
Normality Test

This research is using quantitative study aimed to see whether there are influence of dividend policy, leverage and profitability to firm value. The population used in this study is a manufacturer firm listed on the Indonesia Stock Exchange (BEI) in the period 2014-2017. By using purposive sampling method, it is obtained as many as 53 firm as the study sample. The method of analysis used in this study is multiple linier regression with a significant level of 0.05 (5%). In this research also include the classical assumption that normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. The results of these test indicate that (1) there is significant influence of  dividend policy to firm value. (2) there is significant influence of leverage to firm value and (3) there is no significant influence of profitability to firm value. Keywords : dividend policy, leverage, profitability, firm value.

Analisis Implikasi Struktur Aset Perusahaan, Profitabilitas dan Dividend Policy Terhadap Debt Policy

2019 ◽  
Vol 10 (1) ◽  
pp. 28-48
Author(s):  
Rona Tumiur Mauli Carolin Simorangkir
Keyword(s):  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Analysis Techniques ◽  
Independent Variables ◽  
Result Show ◽  
Debt Policy ◽  
Method Analysis ◽  
Significant Point

This research aims to know the influence of Aset Structure, Profitability (ROA), Dividend Policy (DPR) on the debt policy of the firm. This research takes the population from manufacturing companies listed in Indonesia Stock Exchange in 2011-2015. While selected as the sample was 23 manufacturing company. Samples were selected through random sampling method. Analysis techniques in this study using the analysis of multiple linear regression. The research’s result show that either simultaneously, the variable of Aset Structure, Profitability (ROA), Dividend Policy (DPR) influence the debt policy of the firm. It has been proven from the result of (f) simoultant test show significant point of three independent variables that support the hipothesys

scholarly journals PENGARUH PROFITABILITAS, KEBIJAKAN HUTANG, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN PROPERTI DAN REAL ESTATE

2020 ◽  
Vol 10 (2) ◽  
pp. 119-133
Author(s):  
Verdian Verdian ◽  
Heri Ispriyahadi
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Annual Data ◽  
Substantial Impact ◽  
Panel Data Regression ◽  
Data Regression ◽  
Considerable Impact ◽  
Debt Policy

ABSTRACT This research investigates the effect of profitability, debt policy, and liquidity on the value of the company on property and real estate companies in the Indonesian Stock Exchange. The data in this study is annual data with the period 2010 to 2016. The sampling method used is purposive sampling, which of the population of listed property and real estate companies in the Indonesia Stock Exchange are 49 companies, 32 companies selected as research sample. The independent variables in this research are profitability (ROE), liquidity (CR), and debt policy (DER). The dependent variable in this research is a firm value (PBV). The data analysis method used in this research is panel data regression analysis. The results showed that ROE, DER, and CR had a significant effect on PBV simultaneously. Partially ROE and DER have a substantial impact on PBV, whereas CR is having no considerable impact on PBV. Keywords: profitability, debt policy, liquidity, firm value

scholarly journals Pengaruh kebijakan dividen, kebijakan leverage, keputusan investasi dan manajemen laba terhadap nilai perusahaan pertambangan yang terdaftar di BEI tahun 2015-2018

SOROT ◽  
2020 ◽  
Vol 15 (1) ◽  
pp. 13
Author(s):  
Siti Nurhasanatang ◽  
Taufeni Taufik ◽  
Nur Azlina
Keyword(s):  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Coefficient Of Determination ◽  
Data Sampling ◽  
Purposive Sampling ◽  
Policy Variable ◽  
Data Period

Penelitian ini bertujuan untuk mengetahui pengaruh kebijakan dividen, kebijakan leverage, keputusan investasi dan manajemen laba terhadap nilai perusahaan pertambangan yang terdaftar di BEI Tahun 2015-2018. Jumlah populasi sebanyak 41 perusahaan, sedangkan jumlah sampel dalam penelitian ini sebanyak 10 perusahaan dengan periode data selama 4 tahun, sehingga data yang akan disajikan menjadi 40 data. Penarikan sampel menggunakan metode purposive sampling sedangkan analisis data menggunakan regresi Linier Berganda. Hasil penelitian menyimpulkan bahwa variabel kebijakan dividen, kebijakan leverage, keputusan investasi dan manajemen laba berpengaruh terhadap nilai perusahaan, sedangkan berdasarkan hasil uji koefisien determinasi diperoleh nilai sebesar 75,1%. Hal ini menunjukkan bahwa secara keseluruhan variabel berpengaruh terhadap nilai perusahaan sebesar 75,1%, sedangkan sisanya sebesar 24,9% dipengaruhi oleh variabel lain yang tidak diteliti dalam penelitian ini.This research aims to the effect of dividend policy, leverage policy, investment decision, and earning management on value company of mining listed at Indonesia stock exchange in 2015-2018. The total population are 41 companies, while the sample size in this study is ten companies with a data period of 4 years so that the data will be presented as 40 data. Sampling uses a purposive sampling method, while data analysis uses Multiple Linear Regression. The results of the study concluded that the dividend policy variable, leverage policy, investment decisions and earnings management affect the value of the company, while based on the results of the coefficient of determination test obtained value of 75.1%. This shows that overall the variables affect the firm value of 75.1%, while the remaining 24.9% is influenced by other variables not examined in this research leverage.

PENGARUH MANAJEMEN LABA, PROFITABILITAS, DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN

SIMAK ◽  
2018 ◽  
Vol 16 (01) ◽  
pp. 79-100
Author(s):  
Mentari Chandra Tjiang ◽  
Fransiskus Randa ◽  
Marselinus Asri
Keyword(s):  
Earnings Management ◽  
Sampling Method ◽  
Dividend Policy ◽  
Annual Report ◽  
Stock Exchange ◽  
Financial Report ◽  
Purposive Sampling ◽  
Independent Variables ◽  
Insignificant Effect ◽  
Sample Method

This study aims to investigate the effect of earnings management, profitability andliquidity on dividend policy. The independent variables used are earningsmanagement, profitability, and liquidity. The dependent variable used is dividendpolicy. The population used in this study is a manufacturing company listed on theIndonesia Stock Exchange with the period of 2014-2016. Sample Method used inthis research is purposive sampling method with certain criteria and use secondarydata in the form of annual report and company financial report. The hypothesis in thisstudy was tested using multiple linear regression.The results of this study indicatethat the variable of earnings management has a positive and insignificant effect ondividend policy. While profitability research results have a positive and significanteffect on dividend policy. And the results of the research of liquidity have a negativeand insignificant influence on dividend policy. This research is expected to giveconsideration to the company to improve its performance well in assessing company.So as to increase the confidence of investors in making decisions

scholarly journals Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Consumer Goods Yang Terdaftar Di BEI

2020 ◽  
Vol 2 (1) ◽  
pp. 206
Author(s):  
Sheilla Sheilla ◽  
Khairina Natsir
Keyword(s):  
Consumer Goods ◽  
Firm Value ◽  
Research Method ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Multiple Regression Model ◽  
Purposive Sampling ◽  
Program Software

The purpose of this study was to determine the effect of profitability, dividend policy, and leverage on the value of the firm of the consumer goods sectors listed on Indonesia Stock Exchance in the period 2013-2017. The proxy used to measure firm value is PBV ratio, profitability is measured by ROE ratio, dividend policy measured by DPR ratio, and leverage measured by DER ratio. The research method used is causal research method and uses quantitative data and purposive sampling method. This study uses secondary data obtained from the annual report of consumer goods companies through the official website of Indonesia Stock Exchange www.idx.co.id and the official websites of the company under study. This study uses a sample of 17 companies with multiple regression model and data processing is done through the Eviews 9.0 software program, The results of the study shows that partially profitability and leverage have a significant effect on firm value, while dividend policy has no significant effect on firm value. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh profitabilitas, kebijakan dividen, dan leverage terhadap nilai perusahaan sektor consumer goods yang terdaftar di Bursa Efek Indonesia pada periode 2013-2017. Proksi yang digunakan untuk mengukur variabel nilai perusahaan adalah PBV, profitabilitas diukur dengan ROE, kebijakan dividen diukur dengan DPR, dan leverage diukur dengan DER. Metode penelitian yang digunakan adalah metode penelitian kausal dan menggunakan data kuantitatif serta metode purposive sampling. Penelitian ini menggunakan data sekunder yang diperoleh dari laporan tahunan perusahaan consumer goods melalui website resmi Bursa Efek Indonesia www.idx.co.id dan website resmi perusahaan yang diteliti. Penelitian ini menggunakan sampel sebanyak 17 perusahaan dengan model regresi berganda dan pengolahan data dilakukan melalui program software Eviews 9.0. Hasil penelitian menunjukan secara parsial profitabilitas dan leverage berpengaruh secara signifikan terhadap nilai perusahaan, sedangkan kebijakan dividen berpengaruh tidak signifikan terhadap nilai perusahaan.

scholarly journals DETERMINAN NILAI PERUSAHAAN PROPERTI DAN REAL ESTATE DI BURSA EFEK INDONESIA

2020 ◽  
Vol 2 (1) ◽  
pp. 55-64
Author(s):  
Devy Ai Nurhasanah ◽  
Metta Metta Kusumaningtyas
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Financial Statements ◽  
Negative Effect ◽  
Positive Effect

This study aims to examine the effect of profitability, leverage, company size, and dividend policy on firm value. This research was conducted on property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the period 2013-2017. The data used in this study are secondary data obtained from annual financial statements. The research method was carried out using multiple linear regression and sample selection using a purposive sampling method. Samples obtained as many as 114 companies in the period 2013-2017. The results showed that profitability and dividend policy had a positive effect on firm value. Likewise, leverage has a negative effect on firm value. Sometimes the size of the company does not affect the value of the company.

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