Pengaruh keputusan investasi, struktur modal, profitabilitas, dan kebijakan dividen terhadap nilai perusahaan

The existence of research aims to find out how the company's value occurred in the basic industry and chemical subsector pulp & paper in 2014-2018. In increasing the value of the company, a manager is very influential on decisions taken including investment decisions, dividend policies and funding decisions, every decision taken affects financial decisions. Some factors that affect the value of the company are capital structure, dividend policy, company growth, liquidity, company size and investment decisions. Type of research is quantitative using financial data listed on financial statements listed on the IDX (Indonesia Stock Exchange). Investment decisions are the allocation of capital into investment proposals should be evaluated and linked to the risks and results expected to obtain a high level of return with a certain level of risk. Dividend policy is a decision on whether the profit earned will be divided as dividends or will be withheld as an upcoming investment. The Company may be distributed to shareholders as dividends or withheld in the form of retained earnings to finance the company's investments. The capital structure is the balance of the amount of short-term debt that is permanent, long-term debt, preferred shares and common shares, capital structure decisions. Profitability is revenue minus expenses and losses during the reporting period. Analysis of profitability is critical for creditors and equity investors.

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PENGARUH GROWTH OPPORTUNITY, STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP KEPUTUSAN INVESTASI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

MANAJEMEN DEWANTARA ◽

10.26460/md.v4i2.8585 ◽

2020 ◽

Vol 4 (2) ◽

pp. 123

Author(s):

Maria Karolina Kewa ◽

Gendro Wiyono

Keyword(s):

Capital Structure ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Decisions ◽

Secondary Data ◽

Manufacturing Companies ◽

Growth Opportunities ◽

Growth Opportunity ◽

The Social ◽

Company Growth

This study aims to determine whether there is an influence of growth opportunities, capital structure and dividend policy on investment decisions in manufacturing companies in the consumer goods industry sector which are listed on the Indonesia Stock Exchange (IDX) during the 2015-2018 period. The factors tested are growth opportunities, capital structure and dividend policy and investment decisions. The data used in this study are secondary data and this study uses 18 samples of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2018 period. This study uses the Social Sciences Statistics Package (SPSS) version 17.0 to determine the results of the hypothesis. Tests using SPSS get results that show that: 1) growth opportunities have a positive and significant influence on investment decisions; 2) capital structure has a positive and significant effect on investment decisions; 3) dividend policy has a negative and significant effect on investment decisions; 4) growth opportunity variables (company growth opportunities, capital structure, dividend policy simultaneously influence investment decisions.Kata Kunci: Incentives, Employee Discipline

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ANALISIS STRUKTUR MODAL,PERTUMBUHAN PERUSAHAAN DAN KEBIJAKAN DIVIDEN UNTUK MENINGKATKAN NILAI PERUSAHAAN PADA PT TIMAH (PERSERO), TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA

SULTANIST: Jurnal Manajemen dan Keuangan ◽

10.37403/sultanist.v6i2.125 ◽

2019 ◽

Vol 6 (2) ◽

pp. 32-39

Author(s):

Suci Lestari ◽

Yansen Siahaan ◽

Elly Susanti ◽

Supitriyani Supitriyani

Keyword(s):

Capital Structure ◽

Asset Management ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Analysis Techniques ◽

Company Value ◽

Company Growth ◽

Retained Earnings

The purpose of this research is 1. To find out the description of capital structure, company growth, and dividend policy to increase the value of the company at PT Timah (Persero), Tbk which are listed on the Indonesia Stock Exchange. 2. To find out the factors that caused the company's value to PT Timah (Persero), Tbk to decline. This research was conducted using qualitative descriptive techniques, comparative analysis techniques and inductive analysis techniques. In this research the type of data used are qualitative data and quantitative data. In this research the data source used is secondary data. The technique data collection used is documentation technique. From the results of this study can be concluded that 1. The average capital structure tends to increase, company growth tends to decrease, dividend policy and company value tend to decrease. 2. capital structure increases due to increased long-term debt but not followed by company value, company growth decreases due to increased inventory but not followed by firm value, dividend policy decreases due to retained earnings more than profit distributed to investor as dividend.The results of the study suggest that companies should reduce the use of long-term debt in carrying out their company operations and improve asset management and increase dividend policy to attract the attention of potential investors to invest in the company

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Pengaruh Keputusan Investasi, Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan

JEMPER (Jurnal Ekonomi Manajemen Perbankan) ◽

10.32897/jemper.v1i1.125 ◽

2019 ◽

Vol 1 (1) ◽

pp. 1

Author(s):

Ivan Somantri ◽

Hadi Ahmad Sukardi

Keyword(s):

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Decisions ◽

Sampling Technique ◽

Mining Sector ◽

Dividend Policies ◽

Negative Effect ◽

Debt Policy ◽

Debt Policies

This study aims to determine how to influence simultaneously and partially investment decisions, debt policy and dividend policy on firm value in mining sector companies listed on the Indonesia Stock Exchange for the period 2013-2017. The research method used in this study is descriptive and associative methods. The population in this study were mining sector companies listed on the Indonesia Stock Exchange in the period 2013-2017, which amounted to 43 companies. The sampling technique used in this study is non probability sampling with purposive sampling method, so that the number of samples obtained is 8 companies. While the data analysis used in this study is panel data regression analysis with the fixed effect method. The results of the study show that partially investment decisions and debt policies have a positive effect on firm value. While dividend policy has a negative effect on firm value. In addition, the results of the study simultaneously show that investment decisions, debt policies and dividend policies affect the value of the company. The amount of investment decisions, debt policy and dividend policy in contributing influence to earnings management is 34.14%.

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PENGARUH KEBIJAKAN DIVIDEN, LIKUIDITAS, TANGIBILITY, ASSET TURNOVER, DAN COMPANY GROWTH TERHADAP STRUKTUR MODAL

OIKOS Jurnal Kajian Pendidikan Ekonomi dan Ilmu Ekonomi ◽

10.23969/oikos.v4i1.2161 ◽

2020 ◽

Author(s):

Mirnawati Ratuloly ◽

Anita Wijayanti ◽

Purnama Siddi

Keyword(s):

Social Sciences ◽

Capital Structure ◽

Sampling Method ◽

Dividend Policy ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Asset Turnover ◽

Company Growth ◽

The Capital Structure

Capital structure is the ratio between debt (foreign capital) and own capital (equity). There are several factors that affect capital structure such as dividend policy, liquidity, tangibility, asset turnover and company growth. This study aims to determine the effect of dividend policy, liquidity, tangibility, asset turnover and company growth on capital structure. In this study, the sampling method was carried out using purposive sampling and obtained as many as 14 companies in the consumer goods industry sector which were listed on the Indonesia Stock Exchange during 2015-2018. Thus the amount of data observed in this study amounted to 56 data. Data in this study were analyzed using Statistical Package for Social Sciences (SPSS) 22 with multiple linear regression analysis methods. The results of this study indicate that liquidity and asset turnover affect the capital structure while the dividend policy, tangibility and company growth do not affect the capital structure.

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PENGARUH PERTUMBUHAN PERUSAHAAN, UKURAN PERUSAHAAN, STRUKTUR MODAL DAN RETURN ON EQUITY TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Benefita ◽

10.22216/jbe.v1i1.3388 ◽

2019 ◽

Vol 1 (1) ◽

pp. 78 ◽

Cited By ~ 1

Author(s):

Suci Wahyuliza ◽

Ratna Fahyani

Keyword(s):

Capital Structure ◽

Dividend Policy ◽

Stock Exchange ◽

Sampling Technique ◽

Company Size ◽

Return On Equity ◽

Purposive Sampling ◽

Corporate Growth ◽

Company Growth ◽

Simultaneous Influence

The purpose of this study is to determine the partial and simultaneous influence of Corporate Growth, Company Size, Capital Structure and Return On Equity Against Dividend Policy. The population of this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI) in 2013 until 2015 as many as 131 companies. Sampling was done by purposive sampling technique so that resulted 22 company. Data analysis used is multiple regression analysis. The result of the research shows that company growth does not influence Dividend Policy, while Company Size, Capital Structure and Return on Equity influence to dividend policy.Tujuan penelitian ini adalah untuk mengetahui pengaruh secara parsial dan simultan dari Pertumbuhan Perusahaan, Ukuran Perusahaan, Struktur Modal dan Return On Equity Terhadap Kebijakan Dividen. Populasi penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013 sampai tahun 2015 sebanyak 131 perusahaan. Pengambilan sampel dilakukan dengan teknik purposive sampling sehingga dihasilkan 22 perusahaan. Analisis data yang digunakan adalah analisis regresi berganda. Hasil penelitian menunjukkan bahwa Pertumbuhan Perusahaan tidak berpengaruh terhadap Kebijakan Dividen, sedangkan Ukuran Perusahaan, Struktur Modal dan Return on Equity berpengaruh terhadap Kebijakan dividen.

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PENGARUH PERTUMBUHAN PERUSAHAAN, LIKUIDITAS, RESIKO BISNIS DAN STRUKTUR ASSET TERHADAP STRUKTUR MODAL DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI

OIKOS Jurnal Kajian Pendidikan Ekonomi dan Ilmu Ekonomi ◽

10.23969/oikos.v4i1.2162 ◽

2020 ◽

Author(s):

Agustin Nur'aini ◽

Endang Masitoh ◽

Yuli Chomsatu

Keyword(s):

Data Analysis ◽

Capital Structure ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Business Risk ◽

Financial Decisions ◽

Negative Effect ◽

Company Growth

Capital structure is one of the complex financial decisions because it is related to other financial decision variables. The purpose of this study is to analyze the factors that influence the capital structure with profitability as a moderating variable. The population in this study is the registered food and beverage sub-sector companies. on the Indonesia Stock Exchange in 2014-2018. The sampling technique in this study used a purposive sampling method and obtained a sample of 12 companies. The data analysis method uses the classical assumption test and multiple linear regression analysis using SPSS 20, with the results of data analysis showing company growth and business risk has no effect on capital structure, while liquidity has a negative and significant effect on capital structure, asset structure has a positive and significant effect on structure capital while profitability has a negative effect on capital structure. Profitability is not able to moderate the effect of company growth, business risk and asset structure on capital structure but profitability is able to moderate the effect of liquidity on capital structure.

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DETERMINANTS OF FINANCIAL PERFORMANCE ON THE GO PUBLIC COMPANY ON BEI

TRIKONOMIKA ◽

10.23969/trikonomika.v19i2.3158 ◽

2020 ◽

Keyword(s):

Capital Structure ◽

Financial Performance ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Decision ◽

Public Companies ◽

Dividend Policies ◽

Public Company ◽

Theoretical Finding ◽

Positive Effect

The objective of this research is to get an understanding on the effect of the investment decision, capital structure and dividend policy on financial performance using the Multiple Regression Analysis. It is expected that this model will give more comprehensive analysis on the effect of the investment decision, capital structure and dividend policy on financial performance of public companies, which includes the direct or indirect effect on one variable against the others variables. on public companies in Indonesian Stock Exchange in 2014-2017. The findings reveal that, the investment decision has a more dominant effect on financial performance. The investment decision, capital structure and dividend policy have a positive effect on financial performance. The theoretical finding on this research can be developed to make investment decisions, capital structures and dividend policies of public companies. In other words, the three variables will have some means of effect on financial performance, compare with other factors.

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DETERMINANT OF CAPITAL STRUCTURE : COAL AND NON COAL MINING INDUSTRY ON THE INDONESIA STOCK EXCHANGE

Jurnal Ekobis : Ekonomi Bisnis & Manajemen ◽

10.37932/j.e.v11i1.177 ◽

2021 ◽

Vol 11 (1) ◽

pp. 107-120

Author(s):

Triska Dewi Pramitasari

Keyword(s):

Capital Structure ◽

Coal Mining ◽

Dividend Policy ◽

Stock Exchange ◽

Mining Industry ◽

Cost Of Debt ◽

Company Size ◽

Business Risk ◽

Mining Companies ◽

Company Growth

This research was conducted to analyze the effect of debt costs, dividend policy, profitability, company size, business risk, and company growth on the capital structure of coal and non-coal mining industry on the Indonesia Stock Exchange 2015-2019 period, and to analyze the differences in the effect sixth determinant of capital structure in the two industrial subsectors studied. Based on purposive sampling method was obtained 19 coal mining companies and 17 non-coal mining companies as the research sample. The analytical method used is multiple linear regression analysis and Chow test. The analysis showed that simultaneously cost of debt, dividend policy, profitability, company size, business risk, and company growth has a significant effect on the capital structure of the coal sub-sector, but no significant effect on non-coal sub-sector. Partially, the sixth of these variables have varying effect in the two industrial subsectors studied. Chow test results indicate a difference in effect cost of debt, dividend policy, profitability, company size, business risk, and company growth on capital structure decisions in the coal and non-coal sub-sectors. The limitation of this research is only examines the stability of the parameters in the regression model without informing how big a change or difference. The results of this study are beneficial to mining companies and academics.

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Pengaruh Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Dividen, Terhadap Nilai Perusahaan

BMAJ Business Management Analysis Journal ◽

10.24176/bmaj.v4i1.5999 ◽

2021 ◽

Vol 4 (1) ◽

pp. 1-19

Author(s):

Umi Nur Handayani ◽

Heny Kurnianingsih

Keyword(s):

Firm Value ◽

Quantitative Research ◽

Manufacturing Industry ◽

Positive Impact ◽

Stock Exchange ◽

Investment Decisions ◽

Purposive Sampling ◽

Dividend Policies ◽

Basic Industry ◽

The Impact

This research aims to examine and recognize the impact of investment decisions, funding and dividend policies on the value of companies in the basic industry and chemical sectors on the Indonesia Stock Exchange. Investment decisions, funding and dividend policy are determined as independent variables. Conversely, the value in the company as the dependent variable. The research uses quantitative research, the data processing procedure uses the SPSS version 25. The population in this research is companies in the basic industrial and chemical fields from year 2015 to 2019. Sample is selected by determining certain criteria using purposive sampling method and sample determination. A total of a total of 56 companies are selected as sample. The analysis in this research was tested with multiple linear regression. The research results show that (1) investment decisions have a positive impact on the value in the company; (2) decisions for funding and dividend policies that have no impact on firm value. The research that was carried out limited some of the factors studied. The object of research was limited to the manufacturing industry in the basic and chemical business sectors on the Indonesia Stock Exchange.Riset ini bermaksud dalam mengkaji dan mengenali dampak keputusan dalam investasi, pendanaan serta kebijakan dividen pada nilai dalam perusahaan di sektor industri dasar serta kimia di Bursa Efek Indonesia (BEI). Keputusan investasi, pendanaan serta kebijakan dividen ditentukan sebagai variabel bebas. Sebaliknya nilai dalam perusahaan selaku variabel terikat. Riset memakai jenis riset kuantitatif, prosedur pengolahan data menggunakan program SPSS versi 25. Populasi pada riset ini yakni perusahaan pada bidang perindustrian dasar dan kimia dalam kurun waktu 2015 sampai dengan 2019. Pemilihan sampel dengan menetapkan kriteria tertentu dengan memakai tata cara purposive sampling. Didapatkan 56 perusahaan yang dijadikan sampel. Analisis dalam riset ini diuji dengan regresi linear berganda. Hasil penelitian menunjukkan bahwa (1) keputusan investasi memberi dampak dengan arah positif pada nilai dalam perusahaan; (2) keputusan untuk pendanaan dan kebijakan dividen yang tidak mempunyai dampak bagi nilai perusahaan. Riset yang dilakukan membatasi beberapa faktor yang diteliti. Objek penelitian terbatas hanya industri manufaktur pada bidang usaha dasar dan kimia pada Bursa Efek Indonesia.

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Assessment of financial performance and the effect on dividend policy of the banking companies listed on the Indonesia Stock Exchange

Banks and Bank Systems ◽

10.21511/bbs.14(2).2019.03 ◽

2019 ◽

Vol 14 (2) ◽

pp. 24-39 ◽

Cited By ~ 1

Author(s):

Zarah Puspitaningtyas

Keyword(s):

Financial Performance ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Decisions ◽

Linear Regression Method ◽

Significance Level ◽

Dividend Policies ◽

Multiple Linear Regression Method ◽

Study Support ◽

Profit Growth

This study aims to determine the assessment of financial performance and the effect on dividend policy of banking companies listed on the Indonesia Stock Exchange in the period of 2014–2017. The assessment of the company’s financial performance is important. Results of the assessment will be consideration of financial performance for investors, one of them to predict the dividend policy. The prediction results will influence investors in making investment decisions. This study employs a quantitative approach. The assessment of financial performance is measured using variables of leverage, profitability and profit growth. They were analyzed using the multiple linear regression method. At the 0.05 significance level, the results of this study showed that the leverage has a negative and significant effect on dividend policy. Meanwhile, profitability and profit growth have no effect on dividend policy. In order to explain the influence between variables, the research is based on the theories underlying the dividend policy, namely the theory of residual dividends and smoothing theory. The results of this study support the residual dividend theory, that one of the dividend policies is determined by the company by considering the target capital structure and then distributing dividends with only the remaining profit.

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