PENGARUH STRUKTUR KEPEMILIKAN, PENGELOLAAN, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of ownership structure which referred to managerial ownership and institutional ownership; management structure which referred to Independent Board Commissioner, Audit Commitee, Board of Directuor, and Dividend Policy on the firm value. The research was quantitative. Moreover, the population was Property, Real Estate and Building Construction which were listed on Indonesia Stock Exchange (IDX) during 2014-2018. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 9 Property, Real Estate and Building Construction companies as sample. In addition, the analysis technique used multiple linear regression with SPSS (Statistic Program for Social Science) 23. The research result concluded as follows (1) mangerial ownership had positive effect on the firm value, (2) institutional ownership did not affect the value, (3) independent board commissioner had negative effect on the firm value, (4) board of director had positive effect on the firm value, (6) dividend policy did not affect the firm value.
Keywords : ownership structure, management structure, dividend policy, firm value