PENGARUH KEPEMILIKAN MANAJERIAL, LEVERAGE, SIZE, PELUANG INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to find out the impact of managerial ownership, the leverage, the firm size, and the investment opportunities toward the firm value with the dividend policy as the mediation variable. The type of this study is quantitative. The samples of this study are collected by applying the purposive sampling, that is the method for deciding samples based on certain criteria. Based on that method, the study collects 50 samples from 10 food and beverage companies which are regristered in Indonesia’s Stock Exchange in 2016-2020.The result of the study indicates the firm size and investment opportunities give positive impacts to the dividend policy, while the managerial ownership, and the leverage do not ompact the dividend policy. The firm size and the investment opportunities give positive impact to the firm value, and the dividend policy can mediate the impact of the firm size and investment opportunities toward the firm value, yet the dividend policy can not mediate the impact of the managerial investment and the leverage toward the firm value.
Keywords: managerial ownership, leverage, firm size