PENGARUH SIZE, GROWTH, DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERATING TERHADAP NILAI PERUSAHAAN

Abstract

Firm value is the reflection of the current value from the revenue which is expected in the future. The function of financial management can maximize the firm value. This research is meant to examine the influence of Size, Growth, and the Dividend Policy as the moderating variable to the value of manufacturing companies which are listed in IDX. The population is all manufacturing companies which are listed in IDX during the observation period from 2010 to 2013 and the number of companies are 136 companies. The samples have been selected by using purposive sampling method and multiple linear regressions analysis in order to solve the research problems by using alpha significance level (α) = 5%. The result of statistics test shows that size has positive and insignificant influence to the firm value; growth has positive and insignificant influence to the firm value; and dividend policy has positive and significant influence to the firm value
Keywords: size, growth, dividend policy, firmvalue.