PENGARUH KEPEMILIKAN MANAJERIAL, KEBIJAKAN DIVIDEN, KEBIJAKAN HUTANG DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of managerial ownership, dividend policy, debt policy, and profitability
on the firm value. The managerial ownership measured by SKM. Dividend policy measured by devident payout
ratio (DPR). And also debt policy with debt equity ratio (DER). Profitaibility measured by return on equity
(ROE). Meanwhile, the firm value measured by price to book value (PBV). The research was quantitative
method. The research sample taken by purposive sampling i.e., sample selection with determined criteria. Based
on the purposive sampling method obtained 9 property and real estate companies listed on Indonesia Stock
Exchange with the research periods during 5 years in 2016 - 2020 period, therefore the overall samples was 45
companies’ sample. Unfortunetly, those data was not yet normally distributed, therefore it it required outlier
samples amount after the research was 33 samples with the outlier data as many as 12 samples. The research
result showed that managerial ownership (SKM), divident policy (DPR), debt policy (DER), and profitability
(ROE) overall had positive and significant effect on the firm value.