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

Abstract

This research aimed to examine the effect of managerial ownership sturucture and institusional ownership, dividend policy, debt policy and profitability on the firm value. Ownership sturucture was measured by managerial ownership (SKM) and institusional ownership (SKI), while dividend policy measure by Dividend payout ratio (DPR), debt policy measured bye a debt-equity ratio (DER), and profitability measured by return on euqity (ROE). The research population used all manufacturing companies in 2016-2019 listed on Indonesia Stock Exchange (IDX). The sample selection used a purposive sampling method according to the method, it obtained 96 data from 24 samples that fulfilled the criteria manufacturing companies are listed in Indonesia Stock Exchange (IDX) and the data has been obtained from the official website of Indonesia Stock Exchange (www.idx.co.id). Moreover, this research’s data analysis technique used multiple linear regressions analysis with the instrument of SPSS (Statistical Product and Servise Solutions). This research showed that institusional ownership, debt policy and profitability had positive effect on the firm value, managerial ownership and dividend policy did not affect the firm value.
Keywords: ownership sturucture, dividend policy, debt policy, profitability and firm value