PENGARUH KEBIJAKAN DIVIDEN, KEPEMILIKAN MANAJERIAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to examine the influence of dividend policy, managerial ownership, and profitability on the value of food and beverage companies which listed in Indonesia Stock Exchange (IDX). The population in this research consists of 16 food and beverage companies listed in the Indonesia Stock Exchange (IDX) in 2012-2016 period. The sampling technique used in this research is purposive sampling based on criteria that have been determined by the researchers, then obtained a sample of 11 companies of food and beverage. The analysis method used is multiple linier regression analysisi using SPSS application tools (Statistical Product and Service Solutions) version 23. This research uses variable dividend payout ratio (DPR) to reflect dividend policy, variable managerial ownership (KM), variable return on assets (ROA) to reflect profitability, and variable price to book value (PBV) to reflect firm value. The result showed that the variable dividend policy and managerial ownership have an insignificant influence on firm value, while profitability variable have positive and significant influence on firm value. The result of research also showed that the research model is feasible.
Keywords: dividend policy, managerial ownership, profitability, and corporate value.