Pengaruh Kinerja Keuangan Terhadap nilai Perusahaan dengan Kebijakan Dividen Sebagai Variabel Moderating Pada Perusahaan Manufaktur Di Bursa Efek Indonesia

Prawesti Ningrum, Endah and RL. Tobing, Wilson (2016) Pengaruh Kinerja Keuangan Terhadap nilai Perusahaan dengan Kebijakan Dividen Sebagai Variabel Moderating Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Jurnal Karya Ilmiah, 16 (3). pp. 185-304. ISSN 1410-9794

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Abstract

This study aims to determine the effect on the value of the company's financial performance with the dividend policy as a moderating variable. The population in this study are all manufacturing companies listed on the BEI. Sampling method performed with saturated sampling method, and based on predetermined criteria, the number of samples is a sample of 35 manufacturing companies consecutive dividend during the period 2010-2013. The research data is secondary data obtained from the Indonesian Stock Exchange (www. idx.co.id) and ICMD 2010-2013. Hypothesis testing studies used analytical techniques and moderated multiple regression analysis, with application tool of SPSS (Statistical Product and Service Solutions). The results showed that: 1) liquidity not significant positive effect on firm value, 2) dividend policy is not able to significantly moderate the effect of liquidity on the value company, 3) leverage not significant negative effect on firm value, 4) dividend policy is not able to significantly moderate the effect of leverage on firm value, 5) Profitability significant positive effect on firm value, 6) dividend policy is not able to significantly moderate the effect of profitability on firm value. The results showed that profitability is only significant positive influence to the value of the company This means that high profitability can provide added value to the company, which is reflected by the increasing value of Tobins Q. It is suggested in subsequent studies to add other moderating variables in addition to dividend policy used in this study.

Item Type: Article
Subjects: Ilmu Sosial > Ekonomi
Divisions: Jurnal Karya Ilmiah
Depositing User: Rakhmat Purnomo Purnomo
Date Deposited: 23 May 2018 04:36
Last Modified: 29 Aug 2018 01:46
URI: http://repository.ubharajaya.ac.id/id/eprint/746

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