PENGARUH KEBIJAKAN DIVIDEN, LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Industri Barang Konsumsi yang terdaftar di Bursa Efek Indonesia)

Cecilia Sulistiani B51111038

Abstract


The research aims to examine the influence of dividend policy, leverage and profitability of the corporate value of sample firms. The proxy of corporate value value on this research is Tobin’s Q.

Data are drawn from consumer goods industry company listed in Indonesia Stock Exchange (IDX) year period 2010-2014. The samples in this research using the method of purposive. Based on sampling criteria the final sample in this research is 9 consumer goods industry companies. This research use multiple  regression method for data analysis.

Research hypothesises are tested by t-test, F-test, and R-squared. R-squared result implies that 59.2% of corporate value can be explained by  dividend policy, leverage and profitability. F-test result implies that independent  variable are simultaneously and significantly associated with dependent variable. Based on t-test result it is found that dividend policy variable has a significant positive effect to corporate value, leverage variable has a not significant negative effect to corporate value, profitability variable has a significant positive effect to corporate value,

Keyword : corporate value, dividend policy, leverage, profitability


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