PENGARUH KEBIJAKAN DIVIDEN, PERTUMBUHAN PENJUALAN, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research is animed to examine the influence of dividend policy, sales growth, and fir size to the firm value of Property and Real Estate Company which is listed in Indonesian Stock Exchange. The firm value has been measured by using Price to Book Value (PBV), dividend policy has been measured by using Dividend Payout Ratio (DPR). The sampel that been used are 49 Property and Real Estate Companies which is listed in Indonesian Stock Exchange during 5 years of observation in 2012-2016 period. The data analysis han been carried out by using multiple linier regressions because amount of the sample is more than two variables. While, the sample collection technique has been conducted by using purposive sampling. The result of this research shows that dividend policy give positive and significant to the firm value, with the research result show that sig is 0.024 < 0.05. sales growth gives positive and insignificant influence to the firm value because the result of this research shows that sig is 0.507 > 0.05. Firm size gives positive and insignificant influence to the firm value because the result of this research shows that sig is 0.071 > 0.05 which is a standard of significance is 0.05 (α= 5%).
Keywords: Dividend Policy, Firm Size, Sales Growth, Firm Value