Pengaruh Kebijakan Dividen Terhadap Nilai Perusahaan

2019

The purpose of this study proves empirically the influence of earnings management and dividend policy on firm value. The earnings management variable is measured through a discretionary accrual using the modified Jones model, whereas the dividend policy is measured through the dividend payout ratio. This study also uses control variables such as leverage, profitability and firm size. The type of this research is comparative causal that explains the causal hypothesis between the variables. The population of this research includes all companies listed on the Indonesia Stock Exchange. The method to get samples used purposive sampling. Based on purposive sampling method, there are 79 companies meeting the criterias. Research period for 5 years, it is started from 2012 to 2016, so total sample used in this research as much as 395. This research uses panel data which applied with Eviews verse 9. The results showed that the independent variables and control variables have a significant inf...

Jurnal Ekonomi Trisakti

Gagasan dari penelitian ini adalah untuk membahas pengaruh good corporate governance dan kebijakan dividen terhadap nilai perusahaan. Data observasi dalam jurnal ini menggunakan data sekunder yaitu laporan keuangan dan laporan tahunan dari masing-masing perusahaan yang tergolong perusahaan manufaktur dan terdaftar di Bursa Efek Indonesia tahun 2019-2021. Observasi ini menggunakan sampel sebanyak 34 perusahaan karena perusahaan tersebut memenuhi persyaratan dan dipilih dengan menggunakan teknik sampling target. Observasi ini dilakukan dan dianalisis dengan menggunakan analisis regresi linier berganda dan didukung dengan analisis asumsi klasik. Hasil pengujian mengungkapkan bahwa kebijakan dividen berpengaruh positif terhadap nilai perusahaan sedangkan dewan komisaris independen, direktur independen, dan komite audit independen tidak berpengaruh terhadap nilai perusahaan.

Al-Kharaj : Jurnal Ekonomi, Keuangan dan Bisnis Syariah, 2023

When one policy is taken it will affect other financial decisions so that it will have an impact on company value. The company value which is relatively stable and tends to increase can attract the attention of investors who are oriented towards improving their welfare. If the value of the company is higher, the prosperity received by the owner of the company will be even greater. This study aims to determine the influence of investment policies, funding policies and dividend policies on company value (case study on food and beverage sub-sector manufacturing companies listed on the Indonesian stock exchange for the 2017-2021 period). The population in this study is all food and beverage sub-sector manufacturing companies listed on the indonesian stock exchange. The selection of samples was carried out by the purposive sampling method, and 23 companies were obtained. The data analysis technique used in this study is a multiple linear regression method with panel data. The results showed that investment policies and funding policies affect the value of the company. Dividend policy negatively affects the value of the company

2017

This research is meant to examine the influence of firm size and profitability to the firm value through the dividend policies of manufacturing companies. The population is all manufacturing companies which are listed in Indonesia Stock Exchange (IDX) in 2012-2015 periods. The sample collection technique has been done by using purposive sampling so 15 manufacturing companies which have met the research sample criteria have been obtained as samples. The statistic method has been carried out by using desciptive statistics and path analysis which has been applied to test directly the firm size and profitability to the firm value, and the indirect influence of firm size and profitability to the firm value through dividend policy. The result of the research shows that firm size has negative and significant influence to the firm value, profitability has positive and significant influence to the firm value, and dividend policy has positive and significant influence to the firm value. Firm ...

Majalah Ilmiah Methoda, 2022

The purpose of this study was to determine the role of dividend policy in mediating the effect of financial performance on firm value. The samples used in this study were all manufacturing companies listed on the Indonesia Stock Exchange for the period 2010-2018 that had met the criteria. Profitability as one of the confirmed financial performances has inconsistent effects on firm value. To overcome this inequality, dividend policy is proposed as an intervening variable. The results show that dividend policy can mediate the effect of profitability on firm value. This finding supports the signaling theory and proves that financial performances as measured by profitability ratios can further increase firm value by optimizing its dividend policy.

Jurnal Ilmu dan Riset Akuntansi (JIRA), 2018

This research is animed to examine the influence of dividend policy, sales growth, and fir size to the firm value of Property and Real Estate Company which is listed in Indonesian Stock Exchange. The firm value has been measured by using Price to Book Value (PBV), dividend policy has been measured by using Dividend Payout Ratio (DPR). The sampel that been used are 49 Property and Real Estate Companies which is listed in Indonesian Stock Exchange during 5 years of observation in 2012-2016 period. The data analysis han been carried out by using multiple linier regressions because amount of the sample is more than two variables. While, the sample collection technique has been conducted by using purposive sampling. The result of this research shows that dividend policy give positive and significant to the firm value, with the research result show that sig is 0.024 < 0.05. sales growth gives positive and insignificant influence to the firm value because the result of this research shows that sig is 0.507 > 0.05. Firm size gives positive and insignificant influence to the firm value because the result of this research shows that sig is 0.071 > 0.05 which is a standard of significance is 0.05 (α= 5%).

National Conference on Applied Business, Education, & Technology (NCABET), 2021

This study aims to examine the effect of Return On Assets (ROA) and Dividend Policy on Company Value in financial companies in the banking sub-sector listed on the Indonesia Stock Exchange for the 2016-2020 period. This study used a sample of 11 companies. The sampling technique used is purposive sampling. The results showed that, partially, Return On Assets (ROA) had an effect on company value, and Dividend Policy had no effect on Company Value. However, simultaneously, Return On Assets (ROA) and Dividend Policy have an effect on Company Value

JEMPER (Jurnal Ekonomi Manajemen Perbankan)

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,...

Tujuan penelitian-Penelitian ini bertujuan untuk memberikan bukti empiris tentang pengaruh keputusan keuangan yang meliputi keputusan investasi, pendanaan dan dividen terhadap nilai perusahaan. Desain/Metodologi/Pendekatan-. Teknik sampel adalah purposive sampling pada objek penelitian perusahaan sektor industri dasar dan kimia. Periode penelitian adalah 2012-2014. Unit analisis sebanyak 70 pengamatan dengan teknik analisis data regresi linear berganda. Temuan-.Keputusan investasi yang diproksi Fixed Assets to Total Assets (FATA) dan keputusan pendanaan diproksi oleh Debt to Equity Ratio (DER) tidak signifikan terhadap nilai perusahaan yang diproksi Price to Book Value (PBV) sedangkan keputusan dividen yang diproksi dengan Dividend Payout Ratio (DPR) terbukti signifikan dan positif terhadap PBV Keterbatasan penelitian-Terdapat dua proksi dari keputusan investasi dan pendanaan ditemukan belum memberikan bukti empiris terhadap perubahaan nilai perusahaan serta nilai R 2 yang kecil menjadi agenda untuk penelitian mendatang. Originality/value-Penelitian ini membahas fungsi manajemen keuangan yang tercermin pada keputusan keuangan dan pembahasan serta pengujian variabel secara terpisah

EKONOMI BISNIS, 2020

Penelitian ini bertujuan untuk mengetahui pengaruh Kebijakan Dividend (KD), Likuiditas yang diproksikan oleh Current Ratio (CR) dan Quick Ratio (QR) dan Leverage (LG), secara parsial dan simultan terhadap nilai perusahaan (PBV) pada perusahaan LQ 45 di Bursa Efek Indonesia periode 2011-2015. Periode yang digunakan dalam penelitian ini adalah lima tahun yaitu mulai tahun 2011-2015. Populasi dalam penelitian ini adalah perusahaan-perusahaan yang tergabung dalam perusahaan LQ 45 yang sudah dan masih terdaftar di Bursa Efek Indonesia periode 2011-2015. Sampel diambil dengan menggunakan metode Purposive Sampling, dari populasi sebanyak 45 perusahaan diperoleh 10 perusahaan sebagai sampel. Data dianalisis dengan menggunakan regresi linier berganda. Berdasarkan hasil analisis data disimpulkan bahwa secara parsial Kebijakan Dividend, Current Ratio (CR), Quick Ratio (QR) dan Leverage berpengaruh tidak siginifikan terhadap nilai perusahaan. Berdasarkan hasil uji F, secara...