DEVIDEND POLICY SEBAGAI PEMODERASI PENGARUH EXERCISE PRICE DAN ESOP TERHADAP KINERJA PERUSAHAAN DI BEI.

Abstract

This research aims to determine the influence of exercised price and employee stock ownership program on corporate performance with dividend policy as a moderate variable. The sample selection is done by using purposive sampling method at go public company which listed in the Indonesia Stock Exchange (BEI). The criteria chosen in the sample determination are, among others, a publicly listed company that publishes audited financial statements during the 2012-2016 period. Companies that conduct shares ownership program during the period of 2012-2016. Pursuant to purposive sampling method obtained by research sample counted 55 company. Data analysis in this research using SPSS 24 statistical test tool. The results of this research indicate that the variable exercising price significantly and positively influenced the company's performance and exercise price significantly and negatively influenced the company's performance moderated with the dividend policy. While employee stock ownership program does not influence the performance of the company and employee stock ownership program positively influence the company's performance moderated with dividend policy.
Keywords: exercise price, employee stock ownership program, corporate performance, dividend policy.