Factors That Influence On The Price To Book Value Of The Company In Indonesia Stock Exchange

The purpose of this research is to examine institutional ownership, profitability, liquidity, dividend policy, debt policy, firm size, audit committee, managerial ownership in affecting price to book value in non-financial companies listed in Indonesia Stock Exchange. This research used 54 listed non-financial companies in Indonesia Stock Exchange, and the data were selected using a purposive sampling method during the research period 201 6 until 2018. Data were analyzed using multiple regression methods. The research results show that profitability and debt policy had a significant influence on price to book value. In contrast, for institutional ownership, liquidity, dividend policy, firm size, audit committee, managerial ownership had no considerable influence on price to book value.

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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 corporate governance, dan faktor-faktor lainnya terhadap manajemen laba

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v19i1.66 ◽

2018 ◽

Vol 19 (1) ◽

pp. 66-80

Author(s):

FRISKA FIRNANTI

Keyword(s):

Earnings Management ◽

Firm Size ◽

Audit Committee ◽

Audit Quality ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Manufacturing Companies ◽

Research Period ◽

Linear Regressions

The objective of this research is to obtain empirical evidence of board of independence, institutional ownership, board of size, managerial ownership, profitability, firm size, audit quality, audit committee, and leverage as independent variables to earnings management. Earning management as dependent variable in Indonesian manufacturing companies.The research period is three years from 2012-2014 and population in this research is all listed companies in Indonesian Stock Exchange. Samples are obtained through purposive sampling method, listed manufacturing companies in Indonesian manufacturing companies meet the sampling criteria, resulting 185 data. Multiple linear regressions is used as the data analysis method in this research.The result of this research shows that profitability, firm size, audit quality, and leverage statistically have effect on the earningsmanagement. While other variables such as board of independence, institutional ownership, board of size, managerial ownership, and audit committee have no effect on earnings management.

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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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PENGARUH INVESTMENT OPPORTUNITY SET TERHADAP KEBIJAKAN DIVIDEN DENGAN FIRM SIZE SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR TAHUN 2011-2013 DI BEI

Magisma: Jurnal Ilmiah Ekonomi dan Bisnis ◽

10.35829/magisma.v5i2.26 ◽

2019 ◽

Vol 5 (2) ◽

pp. 39-49

Author(s):

Abrianita Vika Nur Maharsi ◽

Siti Puryandani ◽

Rudi Suryo Kristanto

Keyword(s):

Firm Size ◽

Dividend Policy ◽

Stock Exchange ◽

Sampling Technique ◽

Absolute Difference ◽

Investment Opportunity ◽

Book Value ◽

Research Investment ◽

Investment Opportunity Set ◽

Debt Policy

Dividend policy is a decision to define the part received by shareholders according to the funds they invest as well as the part that will be retained by the company. Dividend payout ratio has been discussed in the financial sector by several researchers since 1961 when Miller and Modigliani proposed the theory of “Signalling Hypothesis”. There are many variables that affect dividend policy including profitability, debt policy, liquidity, growth, investment opportunity set,etc. In this research, Investment Opportunity Set (IOS) is choosen according to the hardness of this observation, the main purpose of this research is to study the proxy of IOS exactly. This research aimed to empirically test the effect of set investment opportunity to the dividend policy. The tested variable in this study was investment opportunity set measured by market-to-book value of equity while the moderating variable was firm size. The sample was 16 companies listed on Indonesian Stock Exchange (I.S.E) 2011-2013 selected through purposive sampling technique. The analytical statistic was a simple linear regression to test the absolute difference value of moderation. The results showed that the investment opportunity set has significant effect on dividend policy because the value of significance IOS less than rate of significance (0,045<0,05), it means that firm size moderation can be used as moderator between investment opportunity set and dividend policy because the value of significance firm size less than rate of significance (0,041<0,05).

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PENGARUH CORPORATE GOVERNANCE DAN KARAKTERISTIK PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v21i2.623 ◽

2019 ◽

Vol 21 (2) ◽

pp. 195-204

Author(s):

FELICIA ◽

ARWINA KARMUDIANDRI

Keyword(s):

Firm Size ◽

Firm Value ◽

Audit Committee ◽

Sampling Method ◽

Stock Exchange ◽

Institutional Ownership ◽

Analysis Data ◽

Managerial Ownership ◽

Financial Leverage ◽

Linear Regressions

The aim of this research is to acquire managerial ownership, institutional ownership, audit committee, board of commissioner, independent commissioner, firm size, profitability, and financial leverage in affecting firm value in non-financial companies listed in Indonesia Stock Exchange. In this study, the researcher used 94 listed non-financial companies in Indonesia Stock Exchange since 2015 until 2017 that have been selected by purposive sampling method. Multiple linear regressions method is used to analysis data. The result of this research indicates that independent commissioner, profitability, and financial leverage have affect to firm value. While managerial ownership, institutional ownership, audit committee, board of commissioner, and firm size did not significantly impact on firm value.

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THE ANALYSIS OF FACTORS WHICH INFLUENCE THE MANAGERIAL AND INSTITUTIONAL OWNERSHIP ON BASIC INDUSTRY AND CHEMICAL SECTORS AT INDONESIA STOCK EXCHANGE 2010 - 2014

Journal of Management and Business ◽

10.24123/jmb.v14i1.304 ◽

2015 ◽

Vol 14 (1) ◽

Author(s):

Andrena Novita Santoso ◽

Werner R. Murhadi ◽

Endang Ernawati

Keyword(s):

Dividend Policy ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Significant Positive Effect ◽

Significant Negative Effect ◽

Policy Variable ◽

Negative Effect ◽

Debt Policy ◽

Positive Effect

The purpose of this study is to determine the effect of the following corporation’s variables: value, size, debt policy, growth, liquidity, dividend policy on managerial and institutional ownership in the base and chemical industry sector listed on the Indonesia stock exchange during 2010 through 2014. The findings showed that: (i) Corporation’s value and size variables have significant negative effect on managerial ownership; liquidity variable has significant positive effect on managerial ownership. On the other hand, debt policy, growth and dividend policy variables have non-significant negative effect on managerial ownership. (ii) Corporation’s value and size variables have significant positive effect on institutional ownership; debt policy variable has significant negative effect on institutional ownership, while growth, liquidity and dividend policy variables have non-significant positive effect on institutional ownership.

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Pengaruh Kepemilikan Manajerial Dan Kepemilikan Institusional Terhadap Firm Value Dengan Kebijakan Hutang Sebagai Variabel Intervening

JURNAL EKSPLORASI AKUNTANSI ◽

10.24036/jea.v1i1.79 ◽

2019 ◽

Vol 1 (1) ◽

pp. 349-368

Author(s):

M Rofiananda ◽

Fefri Indra Arza ◽

Erly Mulyani

Keyword(s):

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Secondary Data ◽

Institutional Ownership ◽

Managerial Ownership ◽

Manufacturing Companies ◽

Present Value ◽

Book Value ◽

Debt Policy

This research was conducted to determine the effect of managerial ownership and institutional ownership on firm value with debt policy as an intervening variable. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange in 2012-2016. The variable value of the company is measured using price to book value by dividing the present value with the book value of the company. The sample in this study was determined by purposive sampling method. The type of data used is secondary data obtained from www.idx.co.id as well as company websites and other sites related to research. The analytical method used is Partial Last Squer Analysis.The results of this study indicate that managerial ownership has no effect on firm value, managerial ownership has a positive significant effect on firm value through debt policy, institutional ownership has a positive significant effect on firm value and institutional ownership does not affect firm value through debt policy

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KEPEMILIKAN INSTITUSIONAL, KEPEMILIKAN MANAJERIAL, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Jurnal Riset Akuntansi Kontemporer - Vol 13 No 2 (2021): October Edition ◽

10.23969/jrak.v11i1.1870 ◽

2019 ◽

Vol 11 (1) ◽

pp. 41-47

Author(s):

Dewi Rahayu ◽

Ellen Rusliati

Keyword(s):

Firm Size ◽

Dividend Policy ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Significant Positive Effect ◽

Manufacturing Companies ◽

Panel Data Regression ◽

Negative Effect ◽

Positive Effect

The aim of this study to determine the effect of institutional ownership, managerial ownership, firm size, to dividend policy simultaneously and partially. The population of this study are manufacturing companies in the consumer goods industry sector listed in Indonesia Stock Exchange of 2008-2017, the sample amounted 6 companies. The method used in this study are descriptive and verificative using panel data regression analysis. The results showed that the simultaneously institutional ownership, managerial ownership and firm size has significant effect on dividend policy with contribution of effect equal to 39.62%. The partially, institutional ownership has a significant positive effect on dividend policy, managerial ownership has a significant negative effect on dividend policy, firm size has a significant positive effect on dividend policy. The effect contribution dominant of independent variables is institutional ownership equal to 29.2%, managerial ownership equal to 10% and firm size equal to 0.4%.

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OWNERSHIP STRUCTURE, FREE CASH FLOW, ASSET STRUCTURE AND DIVIDEND POLICY ON DEBT POLICY

ACCOUNTABILITY ◽

10.32400/ja.27989.9.1.2020.28-35 ◽

2020 ◽

Vol 9 (1) ◽

pp. 28

Author(s):

Nirina Tahir ◽

Asrudin Hormati ◽

Zainuddin Zainuddin

Keyword(s):

Cash Flow ◽

Dividend Policy ◽

Stock Exchange ◽

Sampling Technique ◽

Institutional Ownership ◽

Free Cash Flow ◽

Annual Reports ◽

Managerial Ownership ◽

Negative Effect ◽

Debt Policy

This study is designed based on problems related to debt policy. The debt policy in every company has a direct effect on the financial position. The use of debt that which too high provides great risk, but if the companies are able to manage debt properly; then the use of debt shall increase profits for shareholders. The purpose of this study was to determine and analyze the effects of managerial ownership, institutional ownership, free cash flow, assets structure, and dividend policy on companies indexed LQ-45 wich listed on the Indonesia Stock Exchange. The sampling technique of this study is purposive sampling which produced 85 observations. This study uses secondary data in the form of annual reports. The tool of analysis of this study is multiple regression with support of statistical package for social scientists (SPSS) software. The results show that: (1) managerial ownership has no effect on debt policy; (2) institutional ownership has a negative effect on debt policy; (3) free cash flow has a negative effect on debt policy; (4) assets structure has a negative effect on debt policy and (5) dividend policy has no effect on debt policy.

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Factors Affecting The Management Of Income

Riset ◽

10.37641/riset.v3i1.80 ◽

2021 ◽

Vol 3 (1) ◽

pp. 466-477

Author(s):

Nur Elian Rahma Rucita ◽

Riki Sanjaya

Keyword(s):

Firm Size ◽

Audit Committee ◽

Sampling Method ◽

Audit Quality ◽

Stock Exchange ◽

Institutional Ownership ◽

Earning Management ◽

Managerial Ownership ◽

Factors Affecting ◽

Independent Variables

This research aims to obtain empirical evidence about the effect of institutional ownership, managerial ownership, board of commissioner frequency meeting, audit committee frequency meeting, firm size, leverage, audit quality and independent commissioner to earning management. The company used this research is manufacturing company listed in Indonesia Stock Exchange during 2017-2019. There are 37 companies and 111 amounts of data that the meet criteria using purposive sampling method. The model of research used multiple regression analysis. The result shows that leverage influence earning management. Other independent variables institusional ownership, managerial ownership, board of commissioner frequency meeting, audit committee frequency meeting, firm size, audit quality and independent commissioner have no effect to earning management.

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