PENGARUH STRUKTUR KEPEMILIKAN, PROFITABILITAS, KEPUTUSAN INVESTASI DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of managerial ownership structure, profitability, investment decision and dividend
policy on firm value. While, the research variables were consist of proportion of managerial stock amount as referred to
ownership structure, return on asset as referred to profitability, asset growth as referred to investinent decision, dividend
payout ratio as referred to dividend policy and price book value as referred to firm value. Moreover, those variables were
examined from companies' financial statement which listed on Indonesia Stock Exchange during 2014-2018 The research was
quantitative with Food and Beverages companies as its population. Moreover, there were 50 financial statements of 10 Food
and Beverages companies as sample. Furthermore, the data analysis technique used multiple regression with Statistical
Product and Service Solution (SPSS) 23. The research result concluded profitability had positive effect on firm value. Likewise,
investment decision had positive effect on firm value. On the other hand, managerial ownership structure as well as dividend
policy did not affect firm value.
Keywords: managerial ownership structure, profitability, investment decision, dividend policy, firm value.