scholarly journals Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Moderasi Kebijakan Dividen: Studi Pada Perusahaan Properti, Real Estate dan Konstruksi Bangunan Yang Terdaftar di Bursa Efek Indonesia Periode 2013-2017

2020 ◽  
Vol 1 (2) ◽  
pp. 50-65
Author(s):  
Ali Imron ◽  
Desi Kurniawati
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Positive Impact ◽  
Stock Exchange ◽  
Book Value ◽  
Construction Companies ◽  
Relationship Of ◽  
The Relationship

This study purposed to determine the effect of profitability proxy with Earning Per Share (EPS) and firm size is proxied by logarithm natural of total assets to firm value which proxied by Price Book Value (PBV) and to find out whether dividend policy proxied by Dividend Payout Ratio (DPR) be moderateted the relationship of profitability and firm size against firm value. The population in this study were all the property, real estate and building construction companies sector listed on Indonesia Stock Exchange for 2013 -2017. The sample in this study were 9 companies out of 62 population obtained through purposive sampling method. Data analysis techniques used in this study was Moderated Regression Analysis (MRA). The results of this study is: (1) Profitability has positive and significant impact to firm value. (2) Firm size has positive impact but not significant to firm value. (3) Dividend policy are able to moderate the effect of profitability against firm value. (4) Dividend policy can not moderate the effect of firm size against firm value.

scholarly journals PENGARUH PROFITABILITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PROPERTI, REAL ESTATE DAN KONSTRUKSI BANGUNAN

2019 ◽  
Vol 8 (9) ◽  
pp. 5632
Author(s):  
Putu Diah Melinda Yanti ◽  
Nyoman Abundanti
Keyword(s):  
Real Estate ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Factors Affecting ◽  
Construction Companies ◽  
Company Value ◽  
Observation Method

This study was conducted to examine the effect of profitability, leverage and dividend policy on the value of companies in property, real estate and building construction companies on the Indonesia Stock Exchange which distributed dividends in a period between 2014 and 2017. Thirteen samples were examined. (13) companies selected through purposive sampling method that determines certain criteria in determining samples to be used in the observation period for four years. The data collection method used in this study is a nonparticipant observation method, namely by observing the company's financial statements. Data analysis was done by multiple linear regression analysis techniques. Based on the results of the analysis it was found that profitability and leverage had a significant positive effect on firm value, while dividend policy had a negative and insignificant effect. This indicates that dividend policy is not one of the main factors affecting the value of the company. Keywords: company value, dividend, profitability, leverage

scholarly journals Managing Earnings V/S Strategizing Dividends: Sectoral Evidence from Pakistan Stock Exchange

2018 ◽  
Vol 13 (2) ◽  
pp. 218
Author(s):  
Farhan Ahmed ◽  
Javed Ahmed
Keyword(s):  
Dividend Policy ◽  
Oil And Gas ◽  
Positive Impact ◽  
Stock Exchange ◽  
Earning Management ◽  
Annual Data ◽  
Dividend Payment ◽  
Relationship Of ◽  
The Relationship ◽  
Bahasa Indonesia

<p><em>This paper means to inspect the regression between the Price to Book ratio as a proxy for earning management and payout proportion as a proxy to dividend policy. This paper utilizes multivariate analysis to examine the relationship between the price to book ratio and dividend policy. Using 11 years’ annual data from 2006-2016, this paper delivers new confirmation demonstrating that timely payment of dividend has a positive impact on the reputation of the company in the market. Dividend payment boosts up investors’ confidence to invest in the company. This study helps the corporate superintendents and stock financial experts to focus on the relationship of the dividend. No past review has handled the issue of the contingent relationship between the price to book ratio and payout proportion in Pakistani Industry and specifically on cement, food and oil and gas sectors</em>.</p><p><strong>Abstrak dalam Bahasa Indonesia</strong> : Tulisan ini bermaksud untuk meneliti regresi antara Price to Book Ratio sebagai proksi untuk manajemen penghasilan dan proporsi pembayaran sebagai proksi untuk kebijakan dividen.Penelitian ini menggunakan analisis multivariat untuk menguji hubungan antara Price to Book Ratio dan kebijakan dividen. Dengan menggunakan data tahunan selama 11 tahun dari 2006-2016, artikel ini memunculkan suatu konfirmasi yang menunjukkan bahwa pembayaran dividen tepat waktu memiliki dampak positif pada reputasi perusahaan di pasar. Pembayaran dividen meningkatkan kepercayaan investor untuk berinvestasi di perusahaan. Studi ini membantu pengawas perusahaan dan ahli keuangan saham untuk fokus pada hubungan dividen. Belum ada penelitian sebelumnya yang menangani masalah hubungan kontingen antara Price to Book Ratio dan proporsi pembayaran dalam Industri di Pakistan dan khususnya pada sektor semen, pangan dan minyak dan gas.</p>

scholarly journals PENGARUH RETURN ON ASSETS, DEBT TO EQUITY RATIO, PRICE EARNING RATIO DAN FIRM-SIZE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KATEGORI INDEKS LQ-45 DI BURSA EFEK INDONESIA

2018 ◽  
Vol 1 (2) ◽  
pp. 12
Author(s):  
Triana Zuhrotun Aulia
Keyword(s):  
Linear Regression ◽  
Firm Size ◽  
Firm Value ◽  
Positive Impact ◽  
Stock Exchange ◽  
Market Value ◽  
Analysis Tool ◽  
Return On Assets ◽  
Book Value ◽  
Equity Ratio

Price to Book Value (PBV) is the ratio of the market value of equity to the book value of equity. PBV is the level of ability to create a company's value relative to the amount of capital invested. This study will analyze both simultaneous and partial effect of return on assets, debt to equity ratio, price earning ratio and firm-size to price book value. Companies classified in LQ-45 selected as the population used in this study are listed on the Stock Exchange 2012-2016 period. Purposive sampling is used to get the sample in this research using criterias and 18 companies or 72 firm-years are the samples. Analysis tool in this research using spss 23.0. This research is using multiple linear regression. Based on the results of the partial test (t test) on the real level (α) = 5% can be seen that the variabel return on assets, debt to equity ratio and price earning ratio have a significant and positive impact on price book value, meanwhile firm-size have no significant effect on price book value. Keywords :   Firm value, Price Book Value, Return on Asset, Debt to Equity Ratio, Price Earning Ratio, Firm-size. 

scholarly journals THE EFFECT OF LEVERAGE, SALES GROWTH AND LIQUIDITY TO THE FIRM VALUE OF REAL ESTATE AND PROPERTY SECTOR IN INDONESIA STOCK EXCHANGE

2018 ◽  
Vol 1 (3) ◽  
pp. 198
Author(s):  
Fery Citra Febriyanto
Keyword(s):  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Control Variable ◽  
Leverage Effect ◽  
Sales Growth ◽  
The Real Estate ◽  
Real Estate Sector

The value of the firm is essential for the company so as to Determine the factors thataAffect the company into something that needs to be done. This study aims to examine some of the factors that affect the value of the firm are: leverage, sales growth, liquidity, dividend policy, and firm size on firm value of real estate and property in the Indonesia Stock Exchange. This study uses the entire real estate and property company in Indonesia Stock Exchange period of 2011 to 2015, so there are 41 companies as research samples. This study using Tobin's Q to measure the value of the firm. The results Showed that positive leverage effect on the value of the firm due to debt levels are still optimized so that provide positive implications on additional debt. The study of the liquidity variablesshows that liquidity negatively affect the value of the firm due to the value of liquidity are at a maximum. Then the control variable, dividend policy affect the value of the firm and firm size has no effect on the value of firms in the real estate sector and property in the Indonesia Stock Exchange.

scholarly journals INFLUENCE OF FIRM SIZE, LEVERAGE, PROFITABILITY, AND DIVIDEND POLICY ON FIRM VALUE OF COMPANIES IN INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 10 (2) ◽  
pp. 45-61
Author(s):  
Ferdy Prasetya Margono ◽  
Rilla Gantino
Keyword(s):  
Firm Size ◽  
Consumer Goods ◽  
Firm Value ◽  
Dividend Policy ◽  
Positive Impact ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Company Value ◽  
Consumer Goods Industry ◽  
The Impact

The aim of this study is to acquire empirical proof on the impact of firm size, leverage, profitability, and dividend policy on the firm value of the consumer goods industry in the food & beverage sub-sector listed on IDX in 2016-2019. Firm size is calculated by Ln of total sales, leverage is calculated by the Debt to Assets Ratio (DAR), profitability is calculated by Return On Equity (ROE), dividend policy is calculated by Dividend Payout Ratio (DPR), and firm value is calculated by Price to Book Value (PBV). The methodology used purposive sampling. The number of samples used in this research were 10 consumer goods industry companies in the food and beverage sub-sector listed on the IDX during 2016-2019. The data source of this research comes from the company’s yearly financial reports. This research uses a quantitative oncoming with multiple linear regression analysis methods. The resumes of this research found that firm size, leverage, profitability, and dividend policy simultaneously influence firm value; firm size has no impact on company value; leverage has a positive impact on company value; profitability has a positive impact on company value; and dividend policy has a positive impact on company value.

scholarly journals Firm Size As A Moderation Factor: Testing The Relationship of Capital Structure With Dividend Policy

2020 ◽  
Vol 5 (2) ◽  
pp. 41
Author(s):  
Akhmadi Akhmadi ◽  
Bambang Mahmudi ◽  
Moh Muksin ◽  
Indra Suhendra ◽  
Rina F
Keyword(s):  
Capital Structure ◽  
Firm Size ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Analysis Tool ◽  
Manufacturing Companies ◽  
Chemical Manufacturing ◽  
Relationship Of ◽  
The Relationship ◽  
Debt Policy

This study examines size as a variable that can strengthen and weaken the relationship between debt policy and dividend policy. Presearch using a sample of 26 companies  of 65 population Basic industrial and chemical manufacturing companies listed on the Indonesia Stock Exchange in 2011-2015, which is determined by purposive technique. The variables observed include debt policy as an independent variable, dividend policy as the dependent variable, and firm size as a moderating variable. The analysis tool uses regression moderating analysis (MRA). The results prove that the Debt to Asset Ratio (DAR) has a negative and insignificant effect on the Dividend Payout Ratio (DPR), firm size negatively moderates and there is a significant relationship between capital structure and dividend policy.

scholarly journals Tax Planning, Solvabilitas, Nilai Perusahaan, dan Ukuran Perusahaan sebagai Variabel Moderasi

2021 ◽  
Vol 1 (2) ◽  
pp. 85
Author(s):  
Wisnu Haryo Pramudya ◽  
Slamet Herutono ◽  
Rahimah Rahimah
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Firm Size ◽  
Firm Value ◽  
Stock Exchange ◽  
Tax Planning ◽  
Moderator Variable ◽  
Purposive Sampling ◽  
Independent Variables ◽  
The Relationship

AbstrakTujuan dari penelitian ini adalah untuk menguji pengaruh Tax Planning dan Solvabilitas terhadap Nilai Perusahaan dan menguji Ukuran Perusahaan apakah akan memperkuat pengaruh masing-masing variabel. Variabel independen dalam penelitian ini adalah Tax Planning dan Solvabilitas. Kemudian variabel dependennya adalah nilai perusahaan. Penelitian ini juga menggunakan Ukuran Perusahaan sebagai variabel moderasi. Hipotesis yang akan dibuktikan dalam penelitian ini adalah Tax Planning tidak berpengaruh terhadap Nilai Perusahaan, Solvabilitas berpengaruh terhadap Nilai Perusahaan, Ukuran Perusahaan tidak mampu memoderasi Tax Planning dengan Nilai Perusahaan, dan terakhir Ukuran Perusahaan mampu memperkuat pengaruh Solvabilitas dengan Nilai Perusahaan. Penelitian ini menggunakan MRA (Moderated Regression Analysis). MRA merupakan suatu bentuk regresi yang pada hakikatnya dirancang untuk mengetahui hubungan antara dua variabel yang dipengaruhi oleh variabel ketiga/moderator, suatu persamaan regresi yang mengandung unsur-unsur atau interaksi perkalian antara dua atau lebih variabel independen. Populasi penelitian ini adalah seluruh perusahaan real estate dan kontraktor yang terdaftar di Bursa Efek Indonesia (BEI) periode 2018-2020. Metode pengambilan sampel yang digunakan adalah purposive sampling. Hasil dari penelitian ini membuktikan seluruh hipotesis yang dibangun dapat diterima.AbstractThe purpose of this study are examine the effect of Tax Planning and Solvability on Firm Value and to test whether firm size will strengthen the influence of each variable. The independent variables in this study are Tax Planning and Solvability. Then the dependent variable is firm value. This study also using firm size as a moderating variable. The hypothesis that will be proven in this study is Tax Planning has no effect on Firm Value, Solvability has no effect on Firm Value, Firm Size could not moderate Tax Planning with Firm Value, and finally Firm Size could strengthen the effect of Solvability with Firm Value. This study using MRA (Moderated Regression Analysis). MRA is a form of regression which essentially designed to determine the relationship between two variables that influenced by a third/moderator variable, a regression equation consist of elements or multiplication interactions between two or more independent variables. The population of this study are all real estate companies and contractors listed on the Indonesia Stock Exchange (IDX) for the 2018-2020 period. The method of this sampling is purposive sampling. The results of this study prove that all hypotheses are acceptable.

scholarly journals ANALISIS PERTUMBUHAN PERUSAHAAN, STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN SEKTOR PROPERTI, REAL ESTATE DAN KONSTRUKSI BANGUNAN

2020 ◽  
Vol 7 (2) ◽  
pp. 62-70
Author(s):  
Amna Mawardi
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Predictive Ability ◽  
Construction Companies ◽  
Company Growth

This study aims to analyze the effect of company growth, capital structure, and dividend policy on firm value in property, real estate, and building construction companies listed on the Indonesia Stock Exchange for the period 2013-2017. The data used are secondary data and the method used is panel data regression analysis with the help of the Eviews 9 program to obtain a comprehensive picture of the relationship between one variable with another variable. The sample in this study consisted of 19 companies that were consistently listed on the IDX for 5 years in the 2013-2017 period with purposive sampling as a sampling method. The results of this study are that the variable capital structure and dividend policy have a significant influence on the firm's value partially at a level of significance of less than 5%. While the company's growth variable does not have a significant effect on the company's value partially. The results of the simultaneous regression analysis found that company growth, capital structure, and dividend policy together affect the value of the company. The predictive ability of the three variables on firm value is 72.1% while the remaining 27.9% is influenced by other factors

scholarly journals Pengaruh Ukuran Perusahaan, Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen, dan Profitabilitas terhadap Nilai Perusahaan

2018 ◽  
Vol 17 (1) ◽  
pp. 1
Author(s):  
Yetty Murni ◽  
Hotman Fredy ◽  
Savena Anugerahwati
Keyword(s):  
Linear Regression ◽  
Real Estate ◽  
Multiple Linear Regression ◽  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Funding Decision ◽  
The Impact

This research is to examine and analyze the impact of firm size, investment decision, funding decision, dividend policy, and profitability to value of the firm to the property, real estate and building constraction companies that is listing in Indonesian Stock Exchange (IDX) in the year of 2012-2016. This sample research is taken by purposive sampling technique, so as to get as many 17 samples of property, real estate, and building constraction companies that is listing in Indonesian Stock Exchange (IDX) in the year of 2012-2016. Analysis method that is used multiple linear regression. The result of the research is shown that funding decision, dividend policy and profitability is impacted to the value of the firm, while the firm size and investment decision is not impacted to the value of the firm. Keywords: firm size, investment decision, funding decision, dividend policy, profitability, the firm value, multiple linear regression

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