PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL, PROFITABILITAS, DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to examine the effect of managerial ownership structure, profitability, and dividend policy on firm value. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2014 to 2017. Variables of managerial ownership structure were measured by insider ownership, profitability was measured by return on assets (ROA) dividend policy measured by dividend payout ratio (DPR) and company value is measured by price book value (PBV).This research is a correlational study with a quantitative approach. The technique of collecting data is based on the data source, which is secondary data, the data source is obtained from the Indonesia Stock Exchange Investment Gallery database. The sampling method uses purposive sampling method. The number of samples in this study were 64 observations in 16 companies in 4 years. The analytical method used in this study uses multiple linear regression analysis with the SPSS application tool (Statistical Product and Services Solutions) version 23.0.The results of this study indicate that the managerial ownership structure affects the value of the company, profitability affects the value of the company, and dividend policy affects the value of the company. Together, the managerial ownership structure, profitability and dividend policy influence the value of the company.
Keywords: Managerial Ownership Structure, Profitability, Dividend Policy, Firm Value.