PENGARUH STRUKTUR MODAL, KEBIJAKAN DIVIDEN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

The primary long-term goals of a company is to maximize the firm value which can be influenced by capital
structure, dividend policy and firm size. This research is aimed to analyze the influence of capital structure,
dividend policy and firm size to the firm value of pharmaceutical companies which are listed in Indonesia Stock
Exchange (IDX). The sample collection technique has been done by using purposive sampling method at
pharmaceutical companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2016 perods and based
on the predetermined criteria, 5 pharmaceutical companies have been obtained as samples. The analysis
technique has been done by using multiple linear regressions analysis and analysis test which consists of
classical assumption test, model feasibility test, and hypothesis test and the 20th version SPSS computer
software program tool (software). The result shows that firm size give positive and significant influence to the
firm value, while capital structure and dividend policy give positive and insignificant influence to the firm
value.
Keywords: Capital structure, dividend policy, firm size, and firm value