PENGARUH PROFITABILITAS DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN YANG TERDAFTAR DI BEI TAHUN 2013
DOI:
https://doi.org/10.35590/jeb.v2i2.719Keywords:
Profitability (Return on Equity), Leverage (Debt to Equity Ratio), Dividend Policy (Dividend Payout Ratio), Firm Value (Price to Book Value)Abstract
This study was conducted to examine the effect of Profitability (ROE), Leverage (DER) and Dividend Policy (DPR) on Firm Value (PBV) of listed companies in the ISE period 2013. The population in this study is from whole companies which listed in ISE during 2013 period. Data is taken from the company’s financial reports. Gained of total sample 50 companies. The analysis technique is using path analysis with multiple linear regression and single regression. Hypotesis test is using F test, t test, and R2 test with level of significance 5%. The results showing that Profitability (ROE) has no significance influence on Dividen Policy (DPR), Leverage (DER) has significance influence on Dividend Policy (DPR). Profitability (ROE) has significance influence on Firm Value (PBV), Leverage (DER) and Dividend Policy has no significance influence on Firm Value (PBV). We suggest to investors in Indonesia Stock Exchange to notice another factors that influence the Firm Value (PBV) in making decision of investments. The Profitability variable (ROE) in this study has the most influence on Firm Value variable (PBV), which proven by smaller number of t-count than t-table and has significance number 0,000.
Downloads
Published
How to Cite
Issue
Section
License
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
Authors can enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
This work is licensed under a Creative Commons Attribution 4.0 International License.
