PENGARUH KINERJA KEUANGAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research is aimed to examine the influence of financial performance and dividend policy to thefirm value. Quantitative approach and multiple linear regressions analysis method has been applied in this research. The data in this research is the secondary data i.e.:the financial data of property, real estate, and building construction companies which are listed in Indonesia Stock Exchange in 2011-2015 periods. The data collection technique has been done by using documentation method. The sample collection technique has been performed by using purposive sampling method. Based on the criteria, 15 companies which meet the criteria have been selected as samples so that the numbers of observations in this research are 60 observations. This research data processing has been carried out by using the 23rd version SPSS application.The result of the research indicates that the financial performance (ROE) and dividend policy (DPR) gives positive influenceto the firm value (PBV). Meanwhile, the financial performance (ROA) does not give any influence to the firm value (PBV).
Keywords: financial performance (ROA), financial performance (ROE), dividend policy (DPR), firm value (PBV)