scholarly journals Analisis Struktur Kepemilikan, Faktor Eksternal, Internal Terhadap Struktur Modal, Dividen, Nilai Perusahaan Manufaktur

2020 ◽  
Vol 30 (6) ◽  
pp. 1484
Author(s):  
Nurianah Nurianah ◽  
Muslich Anshori
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Firm Value ◽  
Structural Equation ◽  
Dividend Policy ◽  
Stock Exchange ◽  
External Factors ◽  
Equation Modeling ◽  
Internal Factors ◽  
Company Value

This study discusses and analyzes the Ownership Structure, External Factors, Internal Against Capital Structure, Dividends and Company Value. The population used in this study is companies listed on the Indonesia Stock Exchange using 37 companies. The data used are from 2010 to 2019, this study uses descriptive statistical analysis and inference with Structural Equation Modeling (SEM). The analysis shows: ownership structure does not oppose capital structure, dividend policy, and firm value, external factors affect internal factors, external factors do not oppose capital structure, external factors do not significantly influence firm value, internal factors related to capital structure, factors internal does not oppose dividend policy, internal factors oppose company value, capital structure opposes dividend policy, dividend policy has no effect on capital structure, capital structure is related to company value, and dividend policy is related to company value. Keywords: Ownership Structure; External and Internal Factors; Dividend Policy; Manufacture.

scholarly journals The Influence Of Profitability And Structure Of Ownership On Company Value With Dividend Policy As An Intervening Variable

2020 ◽  
Vol 7 (1) ◽  
pp. 1
Author(s):  
Ulfah Setia Iswara ◽  
Teguh Gunawan Setyabudi
Keyword(s):  
Ownership Structure ◽  
Firm Value ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Research Data ◽  
Company Value ◽  
Report Data ◽  
A Company ◽  
Positive Effect

The established entity has the aim to increase the value of the company. the company's stock price can be a reference for valuing a company. This study aims to test and prove empirically the effect of profitability and ownership structure on firm value with dividend policy as an intervening variable. The research data is in the form of annual company report data listed on the Indonesia Stock Exchange from 2011 to 2016. Data analysis was performed using path analysis. The results showed that profitability and dividend policy had a significant positive effect on dividend policy, while the ownership structure had no effect on dividend policy. Profitability and dividend policy variables proved to have a significant effect on firm value, while ownership structure did not affect company value.

scholarly journals THE IMPACT OF DIVIDEND POLICY AND CAPITAL STRUCTURE ON FIRM VALUE IN AGRICULTURAL SECTOR

2021 ◽  
Vol 11 (1) ◽  
pp. 1-20
Author(s):  
Senny Luckyardi ◽  
Kamelia Agustini ◽  
Nugraha Nugraha ◽  
Maya Sari
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Agricultural Sector ◽  
Stock Exchange ◽  
Verification Method ◽  
Company Value ◽  
Equity Ratio ◽  
The Impact

This study aims to determine the effect of Dividend Policy and Capital Structure on Agricultural Sector’s Company Value. The research method used in this study is verification method with quantitative approach. The case study was conducted on agricultural sector companies listed on the Indonesia Stock Exchange in 2015-2019. The sample used is Price Book Value (PBV) and Debt to Equity Ratio (DER) in 14 agricultural sector companies obtained from Financial Statements published on the Indonesia Stock Exchange website: www.idx.co.id for the period 2015-2019. The results showed that the variables of Dividend Policy and Capital Structure had a negative and not significant effect on company value.

scholarly journals Influence of Intellectual Capital and Banking Risk through Corporate Perform in the Banking Industry in Indonesia Stock Exchange

2018 ◽  
Vol 10 (1) ◽  
pp. 27
Author(s):  
, Sudirman ◽  
Masdar Mas'ud ◽  
Lukman Halik ◽  
Zainuddin Rahman
Keyword(s):  
Intellectual Capital ◽  
Firm Value ◽  
Structural Equation ◽  
Banking Sector ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Equation Modeling ◽  
Corporate Value ◽  
Company Value ◽  
Banking Risk

<p>This study aims to know and analyze and influence of intellectual capital on corporate performance, analyze the influence of intellectual capital through corporate perform to company value, analyze the influence of intellectual capital to company value, analyze the influence of banking risk through corporate, analyze the influence of banking risk through corporate performance to company value , analyze the influence of banking risk to company value, and analyze the influence of corporate performance value of company. This research is in the form of explanatory research by pooling the data used. This research was conducted on banking sector companies in Indonesia. Observations were made for four consecutive years such us: 2012-2016. Method of analysis of data used models of structural equation modeling (SEM). Result of this study shown: 1) Intellectual capital has a positive and significant effect to corporate performance, 2) Intellectual capital has no significant effect on firm value through corporate performance, 3) Intellectual capital has a positive and significant effect to company value, 4) Banking risk positive and significant impact on corporate performance 5), banking risk has a positive and significant impact on the corporate value through corporate performance, 6). Banking risk has a positive and significant impact on corporate value, 7) Corporate performance has a positive and significant impact on firm value.</p>

scholarly journals Pengaruh Kinerja Keuangan, Kebijakan Dividen dan Umur Perusahaan Terhadap Nilai Perusahaan di Moderasi Ukuran Perusahaan

2020 ◽  
Vol 10 (2) ◽  
pp. 188-197
Author(s):  
Muhammad Hamdani
Keyword(s):  
Capital Structure ◽  
Financial Performance ◽  
Consumer Goods ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Company Size ◽  
Industry Sector ◽  
Company Value ◽  
Consumer Goods Industry

Study was conducted in the consumer goods industry sector companies listed on the Indonesia Stock Exchange (IDX) in 2015-2018. The aim is to determine the effect of financial performance, dividend policy, and age of the company on the value of the company which is moderated by the size of the company. The sample of 37 companies. The variables used are liquidity, capital structure, profitability, dividend policy, the age of the company to the value of the company with the size of the company as moderation. Results showed that there were influences on financial performance, dividend policy, company age, company size on firm value and company size able to moderate the influence of capital structure, profitability, dividend policy, company age on company value and company size unable to moderate the effect of liquidity on firm value.

PENGARUH STRUKTUR KEPEMILIKAN, STRUKTUR MODAL, DAN IOS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN MANUFAKTUR TERDAFTAR DI BEI.

2018 ◽  
Vol 12 (1) ◽  
pp. 9-16
Author(s):  
Agus Rahman Alamsyah ◽  
Zainul Muchlas
Keyword(s):  
Capital Structure ◽  
Ownership Structure ◽  
Financial Management ◽  
Firm Value ◽  
Structural Equation ◽  
Dividend Policy ◽  
Research Problem ◽  
Structural Equations ◽  
Path Coefficient ◽  
Section Data

The long-term goal of this research is to test the effectiveness of financial management theory and research. The research method is explanatory (explanatory research) that research is done to confirm and test whether there is relationship or influence between variables, that is specifically will be tested hypothesis in structural equation. Causal research is a study designed to identify the cause and effect of each relationship between variables on a clearly defined research problem. This research uses data pooling that is merging between time series and cross section data. In this study, the analysis used to test the five hypotheses through path analysis technique and SPSS program version 23. Path coefficient is standardized regression coefficient. The path coefficient is calculated by making two structural equations ie the regression equation showing the hypothesized relationship. The result of this research is the ownership structure having negative and significant effect to the dividend policy; Capital structure has no effect on dividend policy; Capital structure has a positive and significant impact on firm value; The ownership structure affects firm value through dividend policy, or dividends mediating the influence of ownership structure on firm value. Capital structure does not affect the value of the company through dividend policy, but it directly affects the value of the company.

scholarly journals The Influence of Internal and External Factors of the Company on Dividend Policy and Firm Value (Study on LQ45 Companies in Indonesia Stock Exchange 2015-2017)

2020 ◽  
Vol 4 (1) ◽  
pp. 22-34
Author(s):  
Ayu Diky Winasari ◽  
Sri Handini
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Stable Condition ◽  
Partial Least Square ◽  
External Factors ◽  
Significant Positive Effect ◽  
Internal Factors ◽  
Internal And External Factors ◽  
Positive Effect

Changes in the method of weighting LQ45 shares on the IDX cause investment managers to tend to release issuers with low free float, even though the company’s fundamentals are in stable condition. This makes dividends not the only market cosideration in buying shares. This research aims to analyze the influence of internal and external factors of the company on dividend policy and firm value, and analyze the effect of dividend policy mediating the influence of internal and external factors of the company on firm value from LQ45 Companies listed in Indonesia Stock Exchange 2015-2017 period. Judgement Samplingis used as a sample collection technique. Secondary data is form annual reports and monetary data, were analyzed using Partial Least Square (PLS) with SmartPLS v.3.2.6 software. The result of the research shows that internal factors give a significant positive effect on dividend policy, but external factors did not significantly influence dividend policy. Internal, external and dividend policy give a significant positive effect on firm value, while the company’s internal factors and company external factors do not have an indirect influence on the Firm Value thtough dividend policy.

scholarly journals Pengaruh Profitabilitas dan Firm Size Terhadap Firm Value dengan Capital Structure Sebagai Variabel Mediasi

2018 ◽  
Vol 1 (2) ◽  
pp. 155
Author(s):  
Andri Veno ◽  
Muslim Marpaung
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Structural Equation ◽  
Variance Component ◽  
Stock Exchange ◽  
Equation Modeling ◽  
Ex Post ◽  
Ex Post Facto ◽  
Causal Approach

This study aims to analyze the effect of profitability and firm size on firm value mediated by capital structure. The research design was a comparative causal approach (ex post facto) by testing the hypothesis analysis carried out using the component-based Structural Equation Modeling (SEM) method or non-parametric variance (Component Based SEM), Generalized Structured Component Analysis (GSCA). The data was collected from companies listed on the Indonesia Stock Exchange which are included in the LQ-45 index from 2014 until August 2018. In analyzing the data, the writers used multiple linear regression using the assistance of the GSCA program. The result showed that capital structure is proved as an intervening variable for the influence of profitability on firm value. It means that capital structure mediates the effect of profitability on firm value in full mediation.  Meanwhile, capital structure is not an intervening variable for the influence of firm size on firm value. The Capital structure does not mediate the effect of firm size on firm value in full mediation.

scholarly journals The Role of the Company's Value in the Mediate Influence the Structure of Capital, Return on Assets and Return on Equity Against the Share Price

2018 ◽  
Author(s):  
Rio Monoarfa
Keyword(s):  
Capital Structure ◽  
Path Analysis ◽  
Structural Equation ◽  
Stock Exchange ◽  
Secondary Data ◽  
Share Price ◽  
Equation Modeling ◽  
Manufacturing Companies ◽  
Analysis Model ◽  
Company Value

The aims of this research to analyze: (1)Influence of Capital Structure, ROA, ROE to CompanyValue, (2) Influence of Capital Structure, ROA, ROE toStock Price, (3) Influence of Capital Structure, ROA,ROE to Share Price through Company Value, (4)Influence of Company Value on Stock Price.This study uses secondary data throughtechniques of collecting documentation in the form offinancial statements of manufacturing companies listedon the Indonesia Stock Exchange period 2012 to 2016.Samples used through the method of PurposiveSampling based on certain criteria. The total populationof 147 manufacturing companies. Data analysis in thisstudy using Path Analysis Model (Path Analysis) withthe help of Structural Equation Modeling (SEM). Theanalysis method uses Multiple Linear RegressionAnalysis which operated through SPSS program.The results of this study indicate that: (1) CapitalStructure has a negative and significant effect onCorporate Value, ROA and ROE have a positive andsignificant impact on Corporate Value; (2) CapitalStructure negatively and insignificant to Price of Sahan,ROA and ROE have positive and insignificant effect toStock Price; (3) Capital Structure has negative andsignificant effect to Share Price through CompanyValue, ROA and ROE have positive and significanteffect to Share Price through Company Value, (4)Company Value has positive and significant effect toStock Price.

scholarly journals Study of Internal Factors and External Factors of Insurance Companies Towards Company Value (Study on Indonesia Stock Exchange)

2020 ◽  
Vol 86 ◽  
pp. 01010
Author(s):  
Chairul Anam
Keyword(s):  
Interest Rates ◽  
Firm Value ◽  
Stock Exchange ◽  
External Factors ◽  
Insurance Companies ◽  
General Description ◽  
Internal Factors ◽  
Return On Equity ◽  
Company Value ◽  
Equity Ratio

The purpose of this study is to determine the influence of the company’s external factors with proxies: inflation and interest rates, and the company’s internal factors with proxies: Return on Equity, and Debt to Equity Ratio partially and simultaneously to firm value in insurance sector companies listed on the Stock Exchange Indonesia. The research method used in this study is quantitative research methods, with the object of research of insurance companies listed on the Indonesia Stock Exchange, amounting to 14 companies. This study used a purposive sampling technique that produced 8 companies as the research sample. The research data source uses secondary data in the form of documents including data about the company’s general description and financial statements of insurance companies on the Indonesia Stock Exchange (IDX) for 5 years. The results of this study indicate inflation, interest rates, Return on Equity, and Debt to Equity Ratio simultaneously have a positive but not significant effect on company value, then partially the other 3 variables, namely inflation, interest rates, and Debt to Equity Ratio have a positive effect but not significant to firm value, while variable Return on Equity has a positive and significant effect on firm value. Based on the coefficient of determination of 0.138 this shows the influence of 4 variables, namely inflation, interest rates, return on equity, debt to equity ratio of 13.8% while the remaining 86.2% is influenced by other factors, for example: the level of competition, policy company, developments in macroeconomic conditions.

ANALISIS NILAI PERUSAHAAN DARI ASPEK STRUKTUR MODAL, PERTUMBUHAN PENJUALAN, DAN KEBIJAKAN DIVIDEN PADA PERUSAHAAN FARMASI DI BEI PERIODE 2014-2019

2021 ◽  
Vol 5 (1) ◽  
Author(s):  
Fauzin Annisa ◽  
Agus Dwi Cahya
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Sales Growth ◽  
Company Value ◽  
Negative Effect

A pharmaceutical company is a healthcare company that focuses on researching, developing, and distributing drugs and/or medical devices. Firm value is the stock market value that reflects the wealth of the owner of a company. The purpose of this research is to examine whether capital structure, sales growth, and dividend policy have an influence on company value in the pharmaceutical sub-sector listed on the Indonesia Stock Exchange for the 2014-2019 period. The research population used is the pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the 2014-2019 period, totaling 12 companies. The sampling technique used purposive sampling and obtained 6 companies based on the criteria. The analytical method used in this research is multiple linear regression analysis assisted by the SPSS application system. The results showed that simultaneously capital structure, sales growth, and dividend policy have an influence on firm value. Partially the capital structure has a significant negative effect on company value. Sales growth partially has a positive and insignificant effect on company value. Partially the dividend policy has a significant positive effect on company value. Keywords: Capital Structure, Sales Growth, Dividend Policy, and Company Value.

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