scholarly journals PENGARUH KEPEMILIKAN MANAJERIAL, UKURAN PERUSAHAAN, PROFITABILITAS, KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI, STRUKTUR MODAL DAN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KELUARGA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016 – 201

2021 ◽  
Vol 33 (01) ◽  
pp. 79-99
Author(s):  
Endang Wahyuni ◽  
Endang Purwaningsih
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Intellectual Capital ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Positive Effect

This study aims to provide empirical evidence regarding the effect of managerial ownership, firm size, profitability, dividend policy, investment decisions, capital structure and intellectual capital on firm value. The population of this study is family companies listed on the Indonesia Stock Exchange during 2016-2019. The sample of this research is 128 samples. Sampling using purposive sampling method, namely determining the sample from the existing population based on the criteria desired by the researcher. This study uses multiple linear regression to analyze the data. The results of this study indicate managerial ownership has no effect on firm value, firm size has no effect on firm value, profitability has a significant positive effect on firm value, dividend policy has no effect on firm value, investment decisions have a significant positive effect on firm value, capital structure has a significant negative effect on firm value, and intellectual capital has no effect on firm value.

scholarly journals Analisis Efek Anteseden Struktur Modal Pada Nilai Perusahaan

2021 ◽  
Vol 24 (2) ◽  
pp. 97-118
Author(s):  
Ruli Indriani ◽  
Ratna Septiyanti ◽  
Ninuk Dewi Kusumaningrum ◽  
Usep Syaipudin
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Manufacturing Industry ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Managerial Ownership ◽  
Investment Opportunity ◽  
Investment Opportunity Set ◽  
Positive Effect

The research aims to examine the antecedent variables of capital structure, such as profitability, firm size, investment opportunity set, managerial ownership, and dividend policy, and its effect on the firm value. We used 41 listed firms of the Indonesia Stock Exchange from manufacturing industry in 2012-2017 period. We used factor analysis to determine the representativeness of independent variables as the capital structure variables then we tested its effect on firm value by using multiple linear regression. The results indicate that profitability, firm size, investment opportunity set, managerial ownership, and dividend policy simultaneously have a statistically significance influence on capital structure. Partially, profitability has a statistically significance negative effect on capital structure, investment opportunity set has a statistically significance positive effect on capital structure, and managerial ownership has a statistically significancenegative effect on capital structure, while firm size and dividend policy have no statistically effect on capital structure. This research give an empirical evidence that capital structure have a statistically significance positive effect on firm value. This result have an implication that the antecedent effect of capital structure is positive and statistically significance on firm value.

scholarly journals influence of capital structure, its size, growth of the value of the company with its profitability as variable intervening the company LQ45 are listed in Indonesia stock exchange

2021 ◽  
Vol 4 (4) ◽  
pp. 487-493
Author(s):  
Mgs. Abdul Hakim Fahmi ◽  
Mohamad Adam ◽  
Marlina Widiyanti ◽  
Isnurhadi Isnurhadi
Keyword(s):  
Adverse Effect ◽  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Firm Growth ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Size Growth ◽  
Size Firm ◽  
Positive Effect

This study aimed to determine the effect of capital structure, firm size, firm growth on firm value with profitability as an intervening variable in LQ45 companies listed on the Indonesia Stock Exchange in 2018-2020. The sample used is 33 LQ45 companies during the period 2018-2020. This research uses multiple linear regression and path analysis. The results showed that the capital structure had a significant adverse effect on profitability and firm value. Meanwhile, firm size and growth do not significantly affect profitability and firm value. Profitability has a significant positive effect on firm value. Indirectly, capital structure affects firm value through profitability, while firm size and growth do not indirectly affect firm value.

scholarly journals Pengaruh Kepemilikan Manajerial, Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Deviden terhadap Nilai Perusahaan

2018 ◽  
Vol 6 (1) ◽  
pp. 1
Author(s):  
Aris Sasurya ◽  
Nadia Asandimitra
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Linear Regression Analysis ◽  
Investment Decisions ◽  
Multiple Linear Regression Analysis ◽  
Managerial Ownership ◽  
Analysis Technique ◽  
Positive Effect

The main objective of this research is to examine theeffect of manajerial ownership, investment decision, funding decision, and dividend policy on firm value that listed on Indonesia Stock Exchange (IDX). In this study, firm value measured by Price Book Value (PBV). Samples used in this study consisted of 11 companies. This study used a purposive sampling method is by determining the number of samples taken to certain criteria. The data analysis technique used in this study is multiple linear regression analysis which previously has been tested with the classical assumption test. The results showed that simultaneously managerial ownership, investment decisions, funding decisions, and dividend significantly influence on firm value in the companies listed in Indonesia Stock Exchange. Partially managerial ownership and funding decisions does not affect on firm value in the companies listed in Indonesia Stock Exchange, while investment decisions and dividend policy positive effect on firm value in the Companies listed in Indonesia Stock Exchange

scholarly journals The Influence Of Financial Flexibility, Managerial Ownership, Firm Size On Capital Strukture, And Firm Value On Infrastructure, Utility And Transportation Companies

2021 ◽  
Vol 2 (4) ◽  
pp. 1371-1377
Author(s):  
Asrul Jaya ◽  
Djabir Hamzah ◽  
Maat Pono ◽  
Idayanti Nursyamsi
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Firm Value ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Financial Flexibility ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Positive Effect ◽  
The Capital Structure

This study aims to analyze the effect of financial flexibility, managerial ownership, and firm size on firm value with capital structure as an intervening variable for infrastructure, utility, and transportation companies. This research was a quantitative study. The data used were secondary data in the form financial statements of infrastructure, utility and transportation companies listed in the Indonesia Stock Exchange during the period 2015-2019. The sample used was a purposive sampling technique consisting of 30 companies infrastructure, utility and transportation. The data were analyzed using path analysis supported by SmartPLS 3.3 software. The results show that financial flexibility has no significant negative effect on the capital structure; managerial ownership has a significant negative effect on the capital structure; firm size has a significant positive effect on the capital structure; financial flexibility has a significant negative effect on firm value; managerial ownership has no significant positive effect on firm value; firm size has no significant positive effect on firm value; capital structure has a significant positive effect on firm value; financial flexibility had no significant effect on firm value through capital structure; managerial ownership has a significant effect on firm value through capital structure; firm size has a significant effect on firm value through capital structure.

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

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%.

scholarly journals Pengaruh Kebijakan Dividen, Ukuran Perusahaan, Struktur Modal terhadap Nilai Perusahaan pada Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2015-2017

2020 ◽  
Vol 4 (2) ◽  
pp. 376
Author(s):  
Munawarah Munawarah ◽  
Rosaulina Marpaung ◽  
Giabrella Octavia
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Standard Sample ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Mining Sector ◽  
Policy Variable ◽  
Positive Effect

Research aims to analyze the effect of the variable Dividend Policy, Company Size, Capital Structure partially or simultaneously on Firm Value. The analytical method used in this method aims to examine the population and sample. The population in this study are companies listed in the mining Sector Listed on the Indonesia Stock Exchange 2015-2017. This sampling method uses a purposive sampling method, so that the population is 41 companies and after performing a standard sample determination that the research sample is 16 companies multiplied by 3 years, the number of observations is 48 companies in the mining sector listed on the Indonesian stock exchange in 2015-2017. The hypothesis in this study was tested using multiple linear regression. In this study, which was tested partially (T test) showed that the Dividend Policy variable did not have a significant effect on Firm Value, Firm Size had a significant positive effect on Firm Value, Capital Structure had no significant effect on Firm Value.

scholarly journals THE INFLUENCE OF CAPITAL STRUCTURE, DIVIDEND PAY OUT ON FIRM VALUE AND FIRM PERFORMANCE : EVIDENCE FROM INDONESIA STOCK EXCHANGE

2020 ◽  
pp. 17-23
Author(s):  
Indrayati Indrayati
Keyword(s):  
Firm Performance ◽  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Policy ◽  
Significant Positive Effect ◽  
Financial Reports ◽  
Positive Effect

The purpose of this study is to test empirically the effect of leverage, investment stock, bond, and dividend policy on firm value and firm performance for agriculture, basic chemical industry, consumer goods, and finance on the Indonesian stock exchange. The population of this study is 632 companies listed on the Indonesian stock exchange, with a sample of 236 companies in 2018-2019, secondary data sources from ICDM, and audited financial reports by collecting documentation data and processing data with moderate multiple linear regression. The findings of the research are that financial policy proxied by leverage, investment in stocks and bonds shows a significant positive effect on firm performance, and dividend policy also shows a significant positive effect on firm value. To increase the generalizability of research results, future studies will collect data with different populations or different countries. This study contributes to the performance and value of the company where the increase in leverage, investment, bonds, and dividends will increase the performance and value of the company. The implication of this research is to improve the performance and value of the company for the better. This research is limited to capital structure, dividend policy on firm value with firm performance as moderation. Further research can be developed with different samples and more for generalizations.

scholarly journals PENGARUH PROFITABILITAS, LIKUIDITAS, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN MELALUI KEBIJAKAN DIVIDEN

2019 ◽  
Vol 8 (5) ◽  
pp. 3275
Author(s):  
Ni Komang Budi Astuti ◽  
I Putu Yadnya
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Test Analysis ◽  
Result Show ◽  
The Impact ◽  
Positive Effect

This research aims to analyze the impact of profitability, liquidity and firm size to firm value through dividend policy as intervening on manufacturing companies listed on Indonesian Stock Exchange (IDX) which paid dividend for the period 2013 to 2017. The population on this study amounted 6 companies. The sampling method used in this study is cencus. Data were analyzed by path analysis technique and Sobel test. Analysis result found that profitability has a significant positive effect on dividend policy, while liquidity and firm size have negatively significant effect. On the second model, the result  show that profitability and dividend policy have a significant positive effect on firm value, while liquidity and firm size have no significant effect. Based on Sobel test result found that dividend policy was able to mediate the effect of profitability on firm value, but unable to mediate the effect of liquidity and firm size effect on firm value. Keywords: firm value, dividend policy, profitability, likuidity, firm size

scholarly journals PENGARUH LEVERAGE DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL MEDIASI

2019 ◽  
Vol 8 (5) ◽  
pp. 3028
Author(s):  
Ni Putu Ira Kartika Dewi ◽  
Nyoman Abundanti
Keyword(s):  
Firm Size ◽  
Consumer Goods ◽  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Significant Positive Effect ◽  
Analysis Technique ◽  
Negative Effect ◽  
Consumer Goods Industry ◽  
Positive Effect

The purpose of this study was to determine the effect of  leverage and  firm size on firm value with profitability as intervening variable on consumer goods industry  in the Indonesian Stock Exchange. The population in this study are companies in the consumer goods industry Indonesian Stock Exchange amounted to 46 companies 2014-2017. Sampling technique used was purposive sampling, so that the final sample that is obtained is 21, a company incorporated in consumer goods industry in Indonesian Stock Exchange 2014-2017. Data analysis technique used in this research is path analysis and Sobel test. The result shows that leverage has significant negative effect on profitability  and firm size has significant positive effect on profitability. Leverage, firm size, and profitability have significant positive effect on firm value. Profitability mediates the effect of leverage on firm value significantly and profitability also mediates the effect of firm size  on firm value significantly.

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

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

<p class="Default" align="center"><strong><em>Abstract</em></strong><em></em></p><p class="Default"><em>The 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.</em></p>

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