PENGARUH STRUKTUR KEPEMILIKAN, KEPUTUSAN INVESTASI DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN INDEKS LQ-45

  • Bakti Susilo Effendi
  • Dini Widyawati
Keywords: managerial ownership, institutional ownership, investment decision, dividend policy, firm value

Abstract

This research aimed to examine the effect of managerial ownership, institutional ownership, investment decision, and dividend policy on finn value of LQ-45 companies which were listed on Indonesia Stock Exchange during 20152019. The research was quantitative. Moreover, the population was all LQ-45 companies which were listed on Indonesia Stock Exchange during 2015-2019. Furthermore, the data collection technique used purposive sampling. In line with, there were 21 companies as the sample. In total, there were 105 samples. In addition, the data analysis technique used multiple linear regression with Statistical Product and Service Solution (SPSS) 21. The research result concluded as follows: (1) Managerial ownership had a negative effect on finn value with significance of 0.001, (2) Institutional ownership had a negative effect on firm value with significance of 0.001, (3) Investment decision had a positive effect on firm value with significance of 0.000 and (4) Dividend policy did not affect firm value with significance of 0.095.
Keywords: managerial ownership, institutional ownership, investment decision, dividend policy, firm value

Published
2021-09-13