PENGARUH KEBIJAKAN DIVIDEN, STRUKTUR MODAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PROPERTY DAN REAL ESTATE

Abstract

This research aimed to examine the effect of dividend policy, capital structure, and firm size on firm value of property and real estate companies which were listed on Indonesia Stock Exchange 2014-2018. While, dividend policy was referred to dividend payout ratio, capital structure was referred to debt to asset ratio, debt to equity ratio and firm size. The research was quantitative. Moreover, the population was 48 property and real estate companies which were listed on Indonesia Stock Exchange 2014-2018. Furthermore, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 11 companies as sample. Additionally, the data which were taken in yhe form of companies financial statement and its performance. In addition, the data analysis technique used multiple linear regression. The research result cocluded dividend payout ratio had insignificant effect on firm value. Likewise, debt to asset ratio had significant effect on firm value. On the other hand, debt to equity ratio had insignificant effect on firm value. Similarly, firm size had significant effect on firm value.
Keywords: dividend policy, capital structure, firm size, firm value