ANALISIS PENGARUH KEBIJAKAN DEVIDEN, UKURAN PERUSAHAAN, PERTUMBUHAN PENJUALAN, DAN KEPEMILIKAN MANAJERIAL TERHADAP  KEBIJAKAN  UTANG  PERUSAHAAN

In order to gain profit, companies need to manage their capital. One element to note is how big the company is able to meet the needs of funds that will be used to generate profits for the company. The funds can be obtained from external parties, and set in the corporate debt policy. Debt policy is a liability taken by the management in order to obtain the source of financing for the company so that it can be used to finance the company's operational activities. This research uses multiple linier regression analysis method that will test the influence of dividend policy, firm size, sales growth and managerial ownership to corporate debt policy. The samples used in this study are 103 manufacturing companies listed on the Indonesia Stock Exchange during the period 2012 - 2014. The results of this research indicate that firm size, sales growth affect the corporate debt policy, while dividend policy and managerial ownership have no effect on corporate debt policy.

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PENGARUH KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN, PROFITABILITAS, PERTUMBUHAN PENJUALAN DAN KESEMPATAN INVESTASI TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI

Jurnal Magister Akuntansi Trisakti ◽

10.25105/jmat.v6i2.5558 ◽

2019 ◽

Vol 6 (2) ◽

pp. 201

Author(s):

Vivi Apriliyanti ◽

Hermi Hermi ◽

Vinola Herawaty

Keyword(s):

Firm Size ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Sales Growth ◽

Manufacturing Companies ◽

Investment Opportunity ◽

Investment Opportunity Set ◽

Debt Policy ◽

Positive Effect

AbstractThe purpose of this study was to examine the influence of debt policy, dividend policy,profitability, sales growth and investment opportunity set on firm value with firm size as moderating variable in the manufacturing companies on the Indonesia Stock Exchange (IDX). The population used in this study is a company that is listed on the Indonesia Stock Exchange. The sample used in this study 128 companies with an observation period of 3 (three) years from 2016 to 2018. The method of determining the sample used in this study was the purposive sampling method. The data processing method used in this study is the causality test with multiple regression analysis using SPSS version 23. The independent variables in this study are Debt Policy, Dividend Policy, Profitability, Sales Growth and Investment Opportunity. The moderating variable in this study is Company Size. The dependent variable in this study is firm value. The results of this study indicate that Debt Policy has a positive effect on Firm’s Value, Dividend Policy does not effect on Firm Value, Profitability does not have a positive effect on Firm’s Value, Sales Growth does not effect on Firm’s Value, Investment Opportunity Set does not effect on Firm’s Value, Firm Size does not have a positive effect on Firm’s Value, Firm Size does not strengthen the realtionship between Debt Policy with Firm’s Value, Firm Size does not strengthen the realtionship between Dividend Policy with Firm’s Value, Firm Size does not strengthen the realtionship between Profitability with Firm’s Value, Firm Size does not strengthen the realtionship between Sales Growth with Firm’s Value, Firm Size does not strengthen the realtionship between Investment Opportunity Set with Firm’s Value.

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ANALISIS PENGARUH LABA BERSIH, SALES GROWTH, KEPEMILIKAN MANAJERIAL, DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN

Jurnal Akuntansi Auditing dan Keuangan BALANCE ◽

10.25170/balance.v16i2.1623 ◽

2020 ◽

Vol 16 (2) ◽

pp. 190-211

Author(s):

Manasye Benedicta Brigastara Hutagalung ◽

Loh Wenny Setiawati

Keyword(s):

Dividend Policy ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Management Decision ◽

Managerial Ownership ◽

Sales Growth ◽

Net Income ◽

Manufacturing Companies

Dividend policy is a management decision of a company in determining the amount of dividend to be distributed to shareholders. Investors who have long-term goals will choose a return in the form of dividends in large quantities or relatively stable to reduce the uncertainty of investors who have invested their funds in the company. This research uses multiple linear regression analysis that will test the influence of net income, sales growth, managerial ownership, and leverage to dividend policy. The samples used in this study were 75 manufacturing companies listed on the Indonesia Stock Exchange for the period 2016–2018. The results of this research indicate that net income has a significant effect on dividend policy, while sales growth, managerial ownership, and leverage do not have a significant effect on dividend policy.

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Pengaruh Kepemilikan Institusional Dan Ukuran Perusahaan Terhadap Kebijakan Hutang Dan Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bei)

AKRUAL Jurnal Akuntansi ◽

10.26740/jaj.v4n1.p51-70 ◽

2012 ◽

Vol 4 (1) ◽

pp. 51 ◽

Cited By ~ 2

Author(s):

Elva Nuraina

Keyword(s):

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Analytical Techniques ◽

Institutional Ownership ◽

Corporate Debt ◽

Manufacturing Companies ◽

Normality Test ◽

Public Company ◽

Debt Policy

AbstractThis study aims to test empirically: 1)the influence of institutional ownership on corporate value, 2)the effect of firm size on firm value, 3)the influence of institutional ownership on debt policy, 4)the effect of firm size on debt policy. The population in this study is a public company in Indonesia Stock Exchange with manufacturing companies in the sample. Sampling method using purposive sampling. Analytical techniques used in this study using multiple linear regression which include normality test, test classic assumptions and hypothesis testing. The results showed that 1) the institutional ownership has a significant effect confirm value, 2) the size of the company has a significant effect on firm value, 3) institutional ownership have a significant effect on corporate debt policy, 4) firm size had no significant effect on corporate debt policy.

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The Influence of Managerial Ownership and Firm Size On Debt Policy

International Journal of Applied Business and International Management ◽

10.32535/ijabim.v3i1.76 ◽

2018 ◽

Vol 3 (1) ◽

pp. 47-55

Author(s):

Lihard Stevanus Lumapow

Keyword(s):

Panel Data ◽

Firm Size ◽

Negative Impact ◽

Stock Exchange ◽

Sampling Technique ◽

Fixed Effect Model ◽

Managerial Ownership ◽

Analysis Tool ◽

Manufacturing Companies ◽

Debt Policy

This study aims to examine and analyse the effect of managerial ownership and firm size on debt policy in the perspective of agency theory. This research uses industrial samples of manufacturing companies listed on Indonesia Stock Exchange from 2012 until 2016. Sampling technique used is purposive sampling, and data collection techniques are panel data (cross-section and time series). The analysis tool used in this research is panel data regression with fixed effect model (FEM) approach. Based on the test results show that managerial ownership has a positive and significant effect on debt policy. Company Size has a negative impact but insignificant on debt policy. The results of this study have the potential for agency conflict.

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The Effect of Firm Sizes, Profitability, Dividend Policy, Asset Structure, Sales Growth and Free Cash Flow on Debt Policy

AMAR (Andalas Management Review) ◽

10.25077/amar.4.1.100-119.2020 ◽

2020 ◽

Vol 4 (1) ◽

pp. 100-119

Author(s):

Ria Nurdani ◽

Ika Yustina Rahmawati

Keyword(s):

Cash Flow ◽

Dividend Policy ◽

Stock Exchange ◽

Secondary Data ◽

Financial Statements ◽

Free Cash Flow ◽

Sales Growth ◽

Manufacturing Companies ◽

Company Growth ◽

Debt Policy

The study aims to examine the effect of company size, profitability, dividend policy, asset structure, company growth and free cash flow on debt policy. The object of this study uses manufacturing companies listed on the Indonesia Stock Exchange. The data used is secondary data in the form of annual financial statements for the 2015-2018 period. The collection technique used in this study was purposive sampling while the data analysis techniques used in this study were descriptive statistics, classic assumption tests, multiple regression analysis and hypothesis testing. The analysis show that the size of the company has a negative and not significant effect on debt policy, profitability has a negative and significant effect on debt policy. Dividend policy variables and asset structure has a negative and significant effect on debt policy. While sales growth and free cash flow has no effect on debt policy.

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

JURNAL ONLINE INSAN AKUNTAN ◽

10.51211/joia.v5i1.1317 ◽

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

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FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v20i2.416 ◽

2019 ◽

Vol 20 (2) ◽

pp. 117-126

Author(s):

ANWAR HARSONO

Keyword(s):

Firm Size ◽

Firm Value ◽

Dividend Policy ◽

Capital Expenditure ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Return On Assets ◽

Final Sample ◽

Debt Policy

The objective of the research is to obtain empirical evidence on the effect of independent variables of firm size, cash, capital expenditure, dividend policy, debt policy, return on asset, managerial ownership, and institutional ownership to firm value.The population used in this study are non-financial companies listed on the Indonesia Stock Exchange from 2013-2016. Intake of data in this research using purposive sampling method. There are 54 non-financial companies that fit the criteria and were selected as the final sample. This study uses multiple regression analysis to test the hypothesis. The value of firms in this study was measured using Tobins'Q.The empirical results of this study indicate that the variables independent debt policy and return on assets have an influence on firm value, while the variables of firm size, cash, capital expenditure, dividend policy, managerial ownership, and institutional ownership have no effect on firm value.

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PENGARUH STRUKTUR KEPEMILIKAN, PROFITABILITAS DAN KEBIJAKAN KEUANGAN TERHADAP NILAI PERUSAHAAN (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2015-2019)

JEA17: Jurnal Ekonomi Akuntansi ◽

10.30996/jea17.v5i2.4275 ◽

2020 ◽

Vol 5 (2) ◽

pp. 19-28

Author(s):

Nadya Shafira Ramadhani ◽

Ahmad Subaki ◽

Ahmad Sonjaya

Keyword(s):

Ownership Structure ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Sample Selection ◽

Investment Policy ◽

Managerial Ownership ◽

Manufacturing Companies ◽

Policy Variable ◽

Debt Policy

ABSTRACTThis study aims to determine how the influence of ownership structure, profitability, dividend policy, debt policy and investment policy on company value in manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019. In this research, the method of explanation is used. The variables in this study are managerial ownership structure (X1), profitability (X2), dividend policy (X3), debt policy (X4), investment policy (X5) and firm value (Y). The population of this research is manufacturing companies listed on the Indonesia Stock Exchange. The sample selection technique used was purposive sampling. The results of this study indicate that partially managerial ownership has no effect on firm value. Profitability variable partially affects firm value. Dividend policy variable partially has no effect on firm value. The debt policy variable partially affects firm value. The investment policy variable partially affects firm value.

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PENGARUH KEBIJAKAN DEVIDEN, PROFITABILITAS, STRUKTUR ASET DAN PERTUMBUHAN PERUSAHAAN TERHADAP KEBIJAKAN HUTANG PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR SEKTOR BARANG KONSUMSI YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014

Jurnal Akuntansi Bisnis ◽

10.30813/jab.v8i1.809 ◽

2017 ◽

Vol 8 (1) ◽

Author(s):

Merna Merna

Keyword(s):

Multiple Regression ◽

Consumer Goods ◽

Dividend Policy ◽

Stock Exchange ◽

Corporate Debt ◽

Manufacturing Companies ◽

Font Size ◽

Company Policy ◽

Debt Policy

This study aims to examine and analyze how the influence of dividend policy , profit , asset structure and growth of the company's debt policy . The data used is the consumer goods sector manufacturing companies listed in Indonesia Stock Exchange in 2014. There are 32 companies sampled and in accordance with the criteria . Testing this study using multiple regression and the results showed that the influence of corporate debt policy only asset structure . While the dividend policy , profitability , and growth company policy does not affect the company's debts . <pre>Keyword: debt policy , dividend policy , profitability , asset structure and growth of the company</pre>

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ANALISIS PENGARUH PROFITABILITAS, UKURAN PERUSAHAAN, STRUKTUR ASET DAN KEPEMILIKAN MANAJERIAL TERHADAP KEBIJAKAN HUTANG

Jurnal Ilmu Keuangan dan Perbankan (JIKA) ◽

10.34010/jika.v10i2.4373 ◽

2021 ◽

Vol 10 (2) ◽

pp. 182-195

Author(s):

Ristiana Inda Sari ◽

Suhendro Suhendro ◽

Riana Rachmawati Dewi

Keyword(s):

Firm Size ◽

Sampling Method ◽

Stock Exchange ◽

Sample Selection ◽

Secondary Data ◽

Building Construction ◽

Managerial Ownership ◽

Analysis Method ◽

Construction Companies ◽

Debt Policy

ABSTRACT This study aims to examine and analyze the effect of profitability, firm size, asset structure, and managerial ownership on debt policy. The method in this research is quantitative. The sample selection used a purposive sampling method so as to obtain a sample of 21 property, real estate, and building construction companies listed on the Indonesia Stock Exchange (BEI) in 2015-2019. The data used in this research is secondary data. The data analysis method used is multiple regression analysis. The results showed that profitability and firm size had an effect on debt policy. Meanwhile, the asset structure and managerial ownership have no effect on debt policy. Keywords: Profitability, Firm Size, Asset Structure, Managerial Ownership, Debt Policy

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