Profitability to the Value of Companies with the Dividend Policy as Moderate

2019 ◽  
Vol 118 (4) ◽  
pp. 54-58
Author(s):  
Retno Fuji Oktaviani ◽  
Anissa Amalia Mulya
Keyword(s):  
Capital Market ◽  
Stock Prices ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Research Model ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Business World ◽  
Company Value

The current development of the Indonesia Stock Exchange can not be separated by the role of investors who have invested companies that have gone public is to increase the value of the company. Companies that share capital to the capital market. The main objective has a good corporate value, also has increased the welfare of ownership or shareholders. Business development continues to progress so rapidly. Intense competition makes many companies take steps to optimize the value of the company to survive in the business world. Company value is a measure of success over the implementation of financial functions and also describes the welfare of the owners of the company. Manufacturing companies continue to experience an increase in stock prices. The increase in stock prices certainly increases the value of the company. The results showed that capital structure, profitability and moderation of dividend policy have influence to company value, with value of 45,8% research model can explain its contribution to company value

scholarly journals The Effect of Tax Avoidance and Dividend Policies on Company Value With Leverage as Moderation Variables

2021 ◽  
Vol 4 (1) ◽  
pp. 25
Author(s):  
Muhammad Rizal Saragih ◽  
Rusdi Rusdi
Keyword(s):  
Stock Prices ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Market Price ◽  
Tax Avoidance ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Company Value

A high increase in company value is a long-term goal that must be achieved by a company, which is reflected in the market price of its shares because investors' assessment of the company can be seen through the movement of the stock prices of companies listed on the stock exchange. stock exchange for companies that have gone public. This has an impact on shareholders to maintain their investment and potential investors are interested in investing in the company. This study aims to analyze the effect of tax avoidance and dividend policy on firm value with leverage as a moderating variable. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange from 2016 to 2018, totaling 166 companies, while the sample of this study was 18 companies with a purposive sampling method. The research method used is descriptive statistics, classic assumption testing and hypothesis testing multiple linear regression analysis. The results show that tax avoidance is not significant to firm value, dividend policy has a significant effect on firm value, leverage does not moderate tax avoidance on firm value, leverage. does not moderate dividend policy on firm value, and tax avoidance and dividend policy affect firm value

scholarly journals PENGARUH PROFITABILITAS, KEBIJAKAN HUTANG, KEBIJAKAN DEVIDEN DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP NILAI PERUSAHAAN

2019 ◽  
Vol 2 (2) ◽  
Author(s):  
Linda Ayu Oktoriza ◽  
Amerti Irvin Widowati ◽  
Surjawati Surjawati
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Share Price ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Company Value ◽  
Corporate Social ◽  
Debt Policy

AbstrakSemakin tinggi harga saham sebuah perusahaan, maka makin tinggi kemakmuran pemegang saham. Ada beberapa faktor yang mempengaruhi nilai perusahaan, yaitu : keputusan pendanaan, kebijakan dividen, keputusan investasi, struktur modal, pertumbuhan perusahaan, ukuran perusahaan. Beberapa faktor tersebut memiliki hubungan dan pengaruh terhadap nilai perusahaan yang tidak konsisten.Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas, kebijkan hutang, kebijakan deviden, corporate social responsibility (CSR) terhadap nilai perusahaan pada perusahaan manufaktur yang terdaftar di BEI tahun 2015-2018. Penelitian ini dilatar belakangi dari adanya riset gap tentang faktor-faktor apa saja yang mempengaruhi nilai perusahaan. Hal tersebut menarik minat peneliti untuk mengetahui apa sajakah faktor-faktor yang dapat mempengaruhi tinggi rendahnya  nilai perusahaan di mata investor.Populasi dalam penelitian ini adalah seluruh perusahaan manufaktur yang terdaftar di BEI pada tahun 2015-2018. Kriteria sampel pada perusahaan ini Semua perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia selama tahun 2015-2018. Perusahaan sampel memiliki data keuangan yang lengkap dan menyajikannya dalam rupiah selama periode 2015-2018. Semua perusahaan manufaktur yang secara kontinyu membagikan deviden pada periode 2015-2018. Metode analisis yang digunakan untuk menguji hipotesis penelitian adalah regresi linier berganda.Kata Kunci:Profitabilitas, Kebijakan Hutang, Kebijakan Deviden, CSR, Nilai Perusahaan (Profitability, Debt Policy, Dividend Policy, CSR, Corporate Value) Abstract The higher the share price of a company, the higher the prosperity of shareholders. There are several factors that influence a company's value, namely: funding decisions, dividend policy, investment decisions, capital structure, company growth, company size. Some of these factors have a relationship and influence on the company's value that is not consistent.This study aims to determine the effect of profitability, debt policy, dividend policy, corporate social responsibility (CSR) on the value of companies in manufacturing companies listed on the Stock Exchange in 2015-2018. This research is motivated by the existence of a research gap about what factors influence company value. This attracts the interest of researchers to find out what are the factors that can influence the high and low of company value in the eyes of investors.The population in this study are all manufacturing companies listed on the Stock Exchange in 2015-2018. The sample criteria for this company are all manufacturing companies listed on the Indonesia Stock Exchange during 2015-2018. The sample company has complete financial data and presents it in rupiah during the period 2015-2018. All manufacturing companies continuously distribute dividends in the 2015-2018 period. The analytical method used to test the research hypothesis is multiple linear regression.Keywords:Profitability, Debt Policy, Dividend Policy, CSR, Company Value(Profitability, Debt Policy, Dividend Policy, CSR, Corporate Value)

scholarly journals Pengaruh Penerapan Enterprise Risk Management (COSO) Terhadap Nilai Perusahaan:Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI

2019 ◽  
Vol 11 (1) ◽  
pp. 12-21
Author(s):  
Adie Pamungkas
Keyword(s):  
Risk Management ◽  
Stock Exchange ◽  
Enterprise Risk Management ◽  
Annual Reports ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Business World ◽  
Book Value ◽  
Company Value ◽  
Enterprise Risk

In the business world there are lot of uncertainties, every activity carried out or decisions taken always had risks, both small and large. The intelligence of managers, the technological sophistication used even the age of the company will not guarantee success. Today many old companies suddenly go bankrupt, including in Indonesia, the inability of companies to manage risk is the most fatal mistake. This study aims to determine the effect of the application of Enterprise risk management (COSO) on Corporate Value with the Price Book Value (PBV) method.The research method used is descriptive analysis method that is a method that describes what happens to the company based on the facts or events at the company. The author uses a purposive sampling method. The data used is secondary data sourced from annual reports from the 10 best manufacturing companies of the Forbes magazine listed on the Indonesia Stock Exchange for the period 2012-2015. The results of testing the data show that Enterprise risk management has an influence on Company Value. Based on the results of calculations So 4.186 t count> 2.02 t table. While the significant level is 0,000 <0,05. This indicates that ERM has a positive effect on Company Value.   Keyword: Enterprise Risk Management: COSO: Corporate Value: Price Book Value (PBV)

scholarly journals INFLUENCE OF COMPANY VALUE INFORMATION, DIVIDEND POLICY, AND CAPITAL STRUCTURE ON STOCK PRICE

2020 ◽  
Vol 5 (2) ◽  
pp. 152
Author(s):  
Rita Syofyan ◽  
Defriko Gusma Putra ◽  
Riyadi Aprayuda
Keyword(s):  
Capital Structure ◽  
Stock Prices ◽  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Company Value ◽  
Negative Effect

This study aims to examine: 1) The effect of company value information in this case the price book value (PBV) on stock prices, 2) The effect of dividend policy in this case the dividend payout ratio (DPR) on stock prices, 3) The effect of capital structure in terms of This is a debt to equity ratio (DER) to stock prices. This type of research is classified as research that is causative. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2008 to 2010. The sample selection is by purposive sampling method. The data used in this study include secondary data. Data collection techniques with documentation techniques. The analysis used is multiple linear regression. The results showed that: 1) Company value had no effect on stock prices, where the significance value was 0.031 <0.05 and the value of t count> t table was 2.214> 1.995 but the negative β value was -0.028 (H1 was rejected). 2) Dividend policy has a significant positive effect on stock prices, where the significance value is 0.034 <0.05 and the value of t arithmetic> t table is 2.171> 1.995 and a positive β value of 0.032 (H2 is accepted). 3) Capital structure has a significant negative effect on stock prices, where the significance value is 0.006 <0.05 and the value of t arithmetic> t table is 2.861> 1.995 and the negative β value is -0.040 (H3 accepted).

Pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan yang terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Dina Patrisia ◽  
Muthia Roza Linda ◽  
Ursa Yulianti
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Secondary Data ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Positive Direction ◽  
Company Value

This study aims to analyze the effect of investment decisions, funding decisions, and dividend policy on the value of the company. This research is classified as causative research. The populations in this study are all Manufacturing companies listed on the Stock Exchange in 2012-2016. The sampling technique in this study is using purposive sampling technique with a total sample of 213 samples. The data used is secondary data. The data analysis method used is multiple regression. The results showed that investment decision variables affect the value of the company in a positive direction, funding decisions affect the value of the company in a negative direction, and dividend policy affects the value of the company with a positive direction on Manufacturing companies listed on the IDX. With this research, it is expected that researchers who can further conduct research related to factors that influence the value of the company whose impact is higher than what researchers have met. By using different proxy and data processing methods to produce more accurate data processingKeywords: Investment decisions; funding decisions; dividend policy; company value

scholarly journals PROFITABLITY AND LIQUIDITY ON CORPORATE VALUE THROUGH DIVIDEND POLICY AS INTERVENING VARIABEL: EMPIRICAL STUDY ON ISLAMIC CAPITAL MARKET

2020 ◽  
pp. 249
Author(s):  
Sutrisno Sutrisno ◽  
Bagus Panuntun
Keyword(s):  
Regression Analysis ◽  
Capital Market ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Corporate Value ◽  
Return On Assets ◽  
Current Ratio ◽  
Observation Period

The purpose of this study is to examine the effect of profitability and liquidity on dividend policy and firm value. It also examines the role of dividend policy as an intervening variable between profitability and liquidity on firm value. Firm value is measured by Tobin's Q, dividend policy is measured by dividend payout ratio (DPR), profitability is measured by return on assets (ROA) and liquidity is measured by current ratio (CR). The population of this study is companies registered in List of Sharia Securities consisting of more than 300 companies. Samples were taken as many as 100 companies with a purposive sampling method. The observation period is 3 years (2016-2018). To test hypotheses using multiple regression analysis. The result shows that profitability is significant and positively effect on dividend policy, while liquidity does not affect on dividend policy. Profitability and dividend policy have a positive and significant effect on firm value, while liquidity has no effect on firm value. Another result of dividend policy is able to be as an intervening effect on profitability of firm value but not as an intervening liquidity relationship to firm value.

scholarly journals ANALISIS PENGARUH PERTUMBUHAN PERUSAHAAN, KEBIJAKAN UTANG, COLLATERALIZABLE ASSETS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2014

2016 ◽  
Vol 10 (1) ◽  
pp. 52-82
Author(s):  
Loh Wenny Setiawati ◽  
Lusiana Yesisca
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Stock Prices ◽  
Firm Growth ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Corporate Value ◽  
Debt Policy

Companies that issued shares to raise funds, must set aside some of the profits to be distributed as dividends. Dividend policy is a policy of how large distributions to the company's shareholders in proportion to the number of shares owned. Companies should establish a policy of dividend because the distribution of dividend will have an impact on corporate value as reflected in stock prices. This study uses multiple linear regression analysis which were processed using SPSS version 22. This study aimed to examine the effect on firm growth, debt policy, collateralizable assets, and firm size to dividend policy of the company. The sample used in this study were 105 companies listed in Indonesia Stock Exchange from the period 2012-2014. Empirically, it was found that the firm growth and firm size were affected to the dividend policy of the company, while the debt policy and collateralizable assets were not affected to the dividend policy of the company.

scholarly journals Company Value Impact of Liquidity, Solvability and Profitability

2021 ◽  
Vol 12 (4) ◽  
pp. 782-788
Author(s):  
Dede Hertina, Et. al.
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Profit Margin ◽  
Research Model ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Company Value ◽  
Net Profit ◽  
Equity Ratio

This study aims to determine the effect of Current Ratio, Solvency (Debt to Equity Ratio), and Profitability (Net Profit Margin) on Firm Value (Price to Earning Ratio) in Textile and Garment Sub-Sector Manufacturing Companies Listed on the Sharia Index. Indonesia Stock Exchange for the period 2014-2018. Purposive Sampling was used as a sampling technique and 9 selected companies met the criteria to be the research sample. The results showed that Current Ratio had no positive and significant effect on Price to Earning Ratio, Debt to Equity Ratio had positive and significant effect on Price to Earning Ratio, Net Profit Margin had no positive and significant effect on Price to Earning Ratio. Simultaneously, Current Ratio, Debt to Equity Ratio, and Net Profit Margin have a significant effect on the company value of the Textile and Garment Sub-Sector Manufacturing companies listed on the Indonesia Stock Exchange Sharia Index for the period 2014-2018. The results showed that the solvency, liquidity and profitability variables in this study amounted to 26.65%, while the remaining 73.35% was explained by other variables outside the research model.

scholarly journals COMPANY VALUE DETERMINANTS STUDY ON MANUFACTURING COMPANY LISTED IN INDONESIA STOCK EXCHANGE

2017 ◽  
Vol 14 (02) ◽  
pp. 111
Author(s):  
Oyong Lisa
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Research Method ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Positive Influence ◽  
Coefficient Of Determination ◽  
Corporate Value ◽  
Manufacturing Companies ◽  
Company Value

The purpose of this study to determine the effect of firm size, leverage, and profitability to the value of companies in manufacturing companies listed on the Indonesia Stock Exchange (BEI) partially or simultaneously. This research tested the hypothesis that there is influence of firm size, leverage, and profitability to the value of companies in manufacturing companies listed on the Indonesia Stock Exchange (BEI). The sampling technique used was purposive sampling. The research method used is multiple linear regression statistic method.The results showed that firm size variables have no effect on firm value, leverage has no effect on firm value, profitability has positive influence to firm value. While simultaneously there is influence of firm size, leverage, and profitability to firm value with coefficient of determination (adjusted R2) obtained equal to 0,28, indicating that 28% company value can be influenced by firm size, leverage, and profitability, while side 72% The value of the company is influenced by the variables that are not examined in this research. The limitations of this study is to examine the effect of firm size, leverage, and profitability on firm value. While other variables that affect the value of the company is expected to be examined by further researchers.Keywords: Firm Size, Leverage, Profitability, Corporate Value

scholarly journals PERAN PROFITABILITAS DALAM MEMEDIASI PENGARUH FINANCIAL LEVERAGE DAN INVESTMENT OPPORTUNITY SET TERHADAP KEBIJAKAN DIVIDEN DI BURSA EFEK INDONESIA

2018 ◽  
pp. 143
Author(s):  
Ni Made Dewi Puspita Sari ◽  
I Gusti Bagus Wiksuana
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Manufacturing Companies ◽  
Investment Opportunity ◽  
Financial Leverage ◽  
Opportunity Sets ◽  
Analysis Technique ◽  
Investment Opportunity Set

The purpose of this study was to determine the role of profitability in mediating the effect of financial leverage and investment opportunity set on the dividend policy. The populations in this study were manufacturing companies listed on the Indonesia Stock Exchange. The sampling of the research was done by census and the number of samples were 12 companies. The data of research were secondary data obtained from Indonesia Stock Exchange website and Indonesian Capital Market Directory from 2011 to 2015. Testing of research hypothesis was conducted by using path analysis technique by tool of SPSS application.The results showed that financial leverage has a negative and significant effect on dividend policy. Investment opportunity set has negative and insignificant effect on dividend policy. Financial leverage has a positive and significant impact on profitability. Investment opportunity sets also have a positive and significant impact on profitability. Profitability has a positive and significant effect on dividend policy. Profitability is able to mediate the effect of financial leverage and investment opportunity set on dividend policy.

Sign in / Sign up

Export Citation Format

Share Document