scholarly journals PENGARUH LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING (Studi kasus pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2012-2016)

2018 ◽  
Vol 2 (1) ◽  
Author(s):  
Ridho Ramadhani ◽  
Akhmadi Akhmadi ◽  
Muhammad Kuswantoro
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Dividend Policy ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Book Value ◽  
Company Value ◽  
Equity Ratio ◽  
Positive Effect

This study aims to examine the effect of leverage proxyed by Debt to Equity Ratio (DER) and profitability proxy with Return On Assets (ROA) to company value proxy with Price to Book Value (PBV) through dividend policy proxy with Dividend Payout Ratio (DPR) as an intervening. The study was conducted on 37 manufacturing companies using multiple regression analysis with the help of SPSS version 19.00. The result of the research shows that leverage has significant positive effect to company value; profitability has a significant positive effect on firm value; leverage has no effect on dividend policy; profitability has a positive effect on dividend policy and dividend policy has a positive effect on firm value. The dividend policy can’t mediate the indirect effect between leverage and profitability on firm value.

scholarly journals PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PERUSAHAAN INDEKS KOMPAS 100

2020 ◽  
Vol 9 (2) ◽  
pp. 658
Author(s):  
I Wayan Edi Suliastawan ◽  
Ni Ketut Purnawati
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Mining Companies ◽  
Company Value ◽  
Analysis Technique ◽  
Positive Effect

The value of the company can provide maximum shareholder prosperity if the performance is good. one of them can be measured by profitability and other factors that influence company value are dividend policy. The purpose of this study was to determine the effect of profitability on firm value with dividend policy as a moderating variable in the Kompas 100 Index company. This research was conducted in all mining companies incorporated in the Kompas 100 Index on the Indonesia Stock Exchange (IDX). The number of samples, using the purposive sampling method is as many as 17 companies from 100 companies during the 2014-2018 period. The data analysis technique applied in this study is the regression analysis moderation. The results of the analysis produce, profitability has a significant positive effect on firm value. Dividend policy has a significant positive effect on firm value. Dividend policy moderates the effect of profitability on company value in the mining sector of the Kompas 100 Index. Keyword : profitability, dividend policy and company value.  

scholarly journals Kebijakan Dividen Sebagai Pemoderasi Dan Pengaruhnya Terhadap Likuiditas, Leverage Dan Profitabilitas Pada Nilai Perusahaan (Kasus Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2017-2019)

2022 ◽  
Vol 6 (1) ◽  
Author(s):  
Parida Parida ◽  
Ni Ketut Surasni ◽  
Baiq Nurul Suryawati ◽  
Siti Aisyah Hidayati
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Quantitative Research ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sample Survey ◽  
Survey Method ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Positive Effect

This study aims to determine the effect of liquidity, leverage and profitability to the firm value with dividend policy as moderating variables in Manufacturing company listed on the Indonesia Stock Exchange (IDX) in 2017-2019.This type of research is associative quantitative research. The data collection method used is Sample Survey method. The population in this study are all manufacturing companies listed on Indonesia Stock Exchange (IDX) of 182 companies. Sampling method with purposive sampling. And based on the criteria of the number of samples as many as 66 out of 182 companies. data analysis using multiple regression analysis with Moderated Regression Analysis (MRA).The results showed that: Liquidity significant positive effect on firm value. Leverage significant positive effect on firm value. Profitability significant positive effect on firm value. Dividend policy is able to strengthen the effect of liquidity on the firm value. Dividend policy weakens the effect of leverage on the firm value. Dividend policy is not able to strengthen the effect of profitability on the firm value

scholarly journals Analisis Modal Intelektual Dan Kinerja Keuangan Serta Pengaruhnya Terhadap Nilai Perusahaan

2019 ◽  
Author(s):  
Riski Wahyudi ◽  
Lidya Martha
Keyword(s):  
Financial Performance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Value Added ◽  
Financial Statements ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Book Value ◽  
Company Value

This study aims to examine the effect of intellectual capital and financial performance on the value of companies in manufacturing companies listed on the Indonesia Stock Exchange (IDX). The research population is all manufacturing companies listed on the Indonesia Stock Exchange for the period 2013 - 2017. This sample was selected using a purposive sampling method with sample criteria. Manufacturing is listed on the IDX during the end of 2017 period, Manufacturing is listed consecutively during the period 2013 - 2017, Manufacturing that uses Rupiah, Manufacturing that has complete financial statements for the period 2013 - 2017, Manufacturing that has financial data in accordance with the variables to be tested, namely Price to Book Value, Value Added Intellectual Coefficient, Return On Assets, and Manufacturing that does not has data outliers, and obtained a sample of 11 companies. The data source is the annual financial statements of manufacturing companies taken through the official website of the Indonesia Stock Exchange ( www.idx.co.id ). Testing uses panel data regression analysis with the Eviews Program tool. Intellectual capital is measured using Value Added Intellectual Coefficient (VAIC), while financial performance is measured by Return on Assets (ROA) and company value measured by Price to Book Value (PBV). The results showed that the variable intellectual capital had a negative and not significant effect on firm value, while financial performance had a positive and significant effect on firm value.

scholarly journals PENGARUH PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN MANUFAKTUR DENGAN DIVIDEN SEBAGAI MEDIASI

2021 ◽  
Vol 15 (2) ◽  
pp. 85
Author(s):  
Yunita Dete ◽  
Teguh Erawati
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Company Size ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Positive Effect

ABSTRAKPenelitian ini bertujuan untuk menguji pengaruh profitabilitas dan ukuran perusahaan terhadap nilai perusahaan dengan kebijakan dividen sebagai variabel mediasi pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Data yang digunakan dalam penelitian ini adalah data sekunder. Populasi yang digunakan adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2016-2018. Sampel penelitian sebanyak 19 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Teknik pengumpulan data menggunakan metode purposive sampling. Analisis data menggunakan uji asumsi klasik, analisis regresi linier berganda, analisis jalur. Hasil penelitian menunjukkan bahwa profitabilitas berpengaruh positif signifikan terhadap kebijakan dividen. Ukuran perusahaan berpengaruh positif signifikan terhadap kebijakan dividen. Kebijakan dividen berpengaruh positif signifikan terhadap nilai perusahaan. Profitabilitas berpengaruh positif signifikan terhadap nilai perusahaan. Ukuran perusahaan berpengaruh positif signifikan terhadap nilai perusahaan. Kata kunci: profitabilitas, ukuran perusahaan, kebijakan dividen, nilai perusahaan  ABSTRACTThis study aims to examine the effect of profitability and company size on firm value with dividend policy as a mediating variable in manufacturing companies listed on the Indonesia Stock Exchange (BEI). The data used in this research is secondary data. The population used is manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period of 2016-2018. The research sample of 19 manufacturing companies listed on the Indonesia Stock Exchange (IDX). Data collection techniques using purposive sampling method. Data analysis using the classical assumption test, multiple linear regression analysis, path analysis. The results showed that profitability had a significant positive effect on dividend policy. The size of the company has a significant positive effect on dividend policy. Dividend policy has a significant positive effect on firm value. Profitability has a significant positive effect on firm value. Company size has a significant positive effect on firm value. Keywords: profitability, company size, dividend policy, company value

scholarly journals Pengaruh ROA dan DER pada Rasio PBV dengan VAICTM sebagai Pemoderasi

2021 ◽  
Vol 31 (6) ◽  
pp. 1467
Author(s):  
Made Yuvi Adriana Nugraha ◽  
Dewa Gede Wirama
Keyword(s):  
Regression Analysis ◽  
Random Sampling ◽  
Stock Exchange ◽  
Value Added ◽  
Simple Random Sampling ◽  
Valuation Theory ◽  
Return On Assets ◽  
Book Value ◽  
Equity Ratio ◽  
Positive Effect

The aim of this study is to analyze the effect of return on assets (ROA) and debt to equity ratio (DER) on the price to book value (PBV) ratio with the value added intellectual coefficient (VAICTM) as moderating variable. The population of this study is all companies that were listed on the Indonesia Stock Exchange at 2019 year end. The research sample of 138 companies was determined using simple random sampling and the number of samples was determined using the Slovin formula. The hypothesis in this study was tested using moderated regression analysis. The results of  the analysis show that ROA had a positive effect on the PBV ratio, while DER had no effect on the PBV ratio, and VAICTM did not moderate the effect of ROA and DER on the PBV ratio. The results of this study confirm the valuation theory which states that an asset is purchased on the basis of expected cash flow in the future. It is recommended for companies to always pay attention to and increase ROAto maintani PBV ratio. Keywords: PBV; ROA; DER; VAICTM.

PENGARUH CURRENT RATIO, DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR

2020 ◽  
Vol 4 (2) ◽  
pp. 53-67
Author(s):  
Ameilia Damayanti ◽  
Rianto Rianto
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Return On Equity ◽  
Company Value ◽  
Analysis Technique ◽  
Equity Ratio ◽  
The Many

Current ratio, Debt to Equity Ratio, and Return on Equity are some of the many factors that are thought to have an influence on company value. Several studies have also used these factors as variables. Therefore, this study aims to test and reaffirm the results of previous studies with mixed conclusions. The sample of this study was 100 companies in manufacturing companies listed on the Indonesia Stock Exchange in the period 2018. The analysis technique used in this study is multiple regression analysis. The results showed that partially Current ratio, Debt to Equity Ratio had no significant effect on Company Value, while Profitability had a significant effect on Company Value. Simultaneously testing shows that current ratio, debt to equity ratio, and return on Equity have a significant effect on firm value.             

scholarly journals Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderating

2019 ◽  
Vol 6 (01) ◽  
Author(s):  
Rutin Rutin ◽  
Triyonowati Triyonowati ◽  
Djawoto Djawoto
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Dividend Policy ◽  
Jel Classification ◽  
Manufacturing Companies ◽  
Purposive Sampling ◽  
Company Value ◽  
Manufacturing Company

ABSTRACT Company value is generally applied to measurea company’s management for further successful operations. This study aimed to investigate the effect of liquidity (CR), leverage (DER), activity (TATO), profitability (ROA) and dividend policy (DPR) on the company value (PBV). Therefore, this study observed 66 manufacturing companies as samples that were obtained through purposive sampling. The data was analyzed using classic assumption test Moderated Regression Analysis (MRA) assisted with SPSS 20 for windows. As the result, this study indicated that the liquidity and activity had no significant effect on firm value; however, the leverage and profitability had a significant effect on the manufacturing company values in the period of 2013 to 2017. In addition, thedividend policy moderated the effect of liquidity and profitability on firm value; but the dividend policy could not moderate the influence of leverage and activity to the value of manufacturing companies in the period of 2013 to 2017. ABSTRAK Nilai perusahaan dijadikan sebagai suatu ukuran keberhasilan manajemen perusahaan dalam prospek operasi di masa mendatang. Tujuan penelitian ini yaitu untuk mengetahui signifikansi pengaruh Likuiditas (CR), Leverage (DER), Aktivitas (TATO), Profitabilitas (ROA) dan Kebijakan Dividen (DPR) terhadap Nilai Perusahaan (PBV). Teknik penentuan sampel yang digunakan adalah purposive sampling, sebanyak 66 perusahaan Manufaktur yang menjadi sampel penelitian. Teknik analisa data yang digunakan adalah uji asumsi klasik dan Moderated Regression Analisys (MRA) dengan bantuan SPSS 20 for windows. Hasil penelitian menunjukkan Likuiditas dan Aktivitas berpengaruh tidak signifikan terhadap nilai perusahaan, sedangkan Leverage dan Profitabilitas berpengaruh signifikan terhadap Nilai Perusahaan Manufaktur periode 2013- 2017. Kebijakan Dividen memoderasi pengaruh Likuiditas dan profitabilitas terhadap nilai perusahaan, sedangkan KebijakanDividen tidak mampu memoderasi pengaruh Leverage dan Aktivitas terhadap Nilai Perusahaan Manufaktur periode 2013-2017. JEL Classification: M41, O16

scholarly journals PENGARUH RETURN ON ASSETS (ROA), DEBT TO EQUITY RATIO(DER), CURRENT RATIO (CR), RETURN ON EQUITY (ROE), PRICE EARNING RATIO (PER), TOTAL ASSETS TURNOVER (TATO), DAN EARNING PER SHARE (EPS) TERHADAP NILAI PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI

2020 ◽  
Vol 6 (2) ◽  
Author(s):  
Nila Izatun Nafisah ◽  
Abdul Halim ◽  
Ati Retna Sari
Keyword(s):  
Firm Value ◽  
Sampling Method ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Return On Assets ◽  
Return On Equity ◽  
Analysis Techniques ◽  
Company Value ◽  
Equity Ratio

This study aims to test and explain partially and dominantly the influence of ROA, DER, CR, ROE, PER, TATO and EPS on Company Value (Tobins'Q). The sample of this research is manufacturing companies for two consecutive years, namely 2014 to 2015, amounting to 36 companies using purposive sampling method. Data analysis techniques using Multiple Linear Regression Analysis, which consists of ROA on firm value (Tobins'Q), DER on Tobins'Q, CR on Tobins'Q, ROE on Tobins'Q, PER on Tobins'Q, TATO on Tobins' Q, and EPS against Tobins'Q. The analysis shows that ROA has a positive and significant effect on Tobins'Q, DER has a significant and significant effect on Tobins'Q, CR has a positive and significant effect on Tobins'Q, ROE has no effect on Tobins'Q, PER has a positive and significant effect on Tobins' Q, TATO has a positive and significant effect on Tobins'Q and EPS has a positive and significant effect on Tobins'Q. And PER is the most dominant variable against Tobins' Q.

scholarly journals THE EFFECT OF CORPORATE FINANCIAL RATIO UPON THE COMPANY VALUE

2018 ◽  
Vol 3 (02) ◽  
pp. 75
Author(s):  
Kamilah Sadi’ah
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Ratios ◽  
Return On Assets ◽  
Dividend Payout ◽  
Financial Ratio ◽  
Book Value ◽  
Company Value ◽  
Equity Ratio

This study aimed to get empirical evidence about the effect of corporate financial ratios consists of return on assets, dividend payout ratio and debt-to equity ratio on the firm value. Firm value uses a price-to book value (PBV) by calculating the price market per share divided by book value per share. Population of this research is the companies listed in LQ45 on the Indonesia Stock Exchange in 2015-2016 which some 45 companies using total sampling technique. Methods of data analysis using descriptive statistical analysis and multiple linear regression. These results indicate that corporate financial ratios consists of return on assets, dividend payout ratio and debt-to equity ratio have a significant effect simultaneously on the firm value. However, partial test results showed that return on assets and dividend payout ratio have a significat effect on the firm value. While the debt-to equity ratio has no significant effect on the firm value.Key words: price-to book value, return on assets, dividend payout ratio, firm value. 

Determinan Nilai Perusahaan Manufaktur di Bursa Efek Indonesia

2020 ◽  
Vol 3 (2) ◽  
pp. 91-96
Author(s):  
Irma Sari Permata ◽  
Mulyadi
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Interest Rates ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Significant Positive Effect ◽  
Manufacturing Companies ◽  
Positive Effect

The purpose of this study is to analyze the company’s micro factors such as liquidity (CR), solvency (DER) as well as macro factors, namely interest rates to firm value (Tobin’Q) so that they can assess the development of good company conditions. The companies studied were manufacturing companies listed on the Indonesia Stock Exchange in period of 2014 – 2018. The method of this research was explanatory research. Samples were taken by purposive sampling from a population of manufacturing companies that met the sample criteria. The analysis used is multiple linear regression analysis. The results showed that liquidity and dividends had a significant positive effect on firm value, while solvency did not support the hypothesis. Implications and suggestions are discussed in the article.

Sign in / Sign up

Export Citation Format

Share Document