PENGARUH STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN(SEKTOR PERUSAHAAN MANUFAKTUR DI BEI TAHUN 2013-2017)
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Institusion
Universitas Sriwijaya
Author
HILDA TRI LESTARI (STUDENT ID : 01011381520078)
Sulastri Sulastri (LECTURER ID : 0023105902)
Kemas Muhammad Husni Thamrin (LECTURER ID : 0029078402)
Sulastri Sulastri (LECTURER ID : 0023105902)
Kemas Muhammad Husni Thamrin (LECTURER ID : 0029078402)
Subject
HB3711-3840 Business cycles. Economic fluctuations
Datestamp
2019-07-31 04:12:25
Abstract :
This study aimed to examine the effect of capital structure which was proxied by debt equity ratio, and debt asset ratio and dividend policy which was proxied by dividend payout ratio to the company value which was proxied by price earnings ratio and pric e book value. The sample of thi s study was 35 manufacturing companies in the period of 2013-2017 which were listed on the Indonesia Stock Exchange with 175 data obsen1ations. The analysis used was a quantitative approach with a panel data regression model with an estimated random effect model that had been fulfilled through a hausmant test and a lagrange multiplier tes t. The results showed that the debt equity ratio had a positive and significant effect on the price earnings ratio , while the debt asset ratio and dividend payout ratio had a negative and significant effect on the price earnings ratio. The debt equity ratio had a positive and significant effect on the p11ce book value, and the debt asset ratio had a negative and significant effect on the price book value, but the dividend payout ratio did not signfficantly influence the price book value. The conclusions of the study had provided an illustration that the capital stmcture and dividend policy were considered in the establishment of the frim value.
This study aimed to examine the effect of capital structure which was proxied by debt equity ratio, and debt asset ratio and dividend policy which was proxied by dividend payout ratio to the company value which was proxied by price earnings ratio and pric e book value. The sample of thi s study was 35 manufacturing companies in the period of 2013-2017 which were listed on the Indonesia Stock Exchange with 175 data obsen1ations. The analysis used was a quantitative approach with a panel data regression model with an estimated random effect model that had been fulfilled through a hausmant test and a lagrange multiplier tes t. The results showed that the debt equity ratio had a positive and significant effect on the price earnings ratio , while the debt asset ratio and dividend payout ratio had a negative and significant effect on the price earnings ratio. The debt equity ratio had a positive and significant effect on the p11ce book value, and the debt asset ratio had a negative and significant effect on the price book value, but the dividend payout ratio did not signfficantly influence the price book value. The conclusions of the study had provided an illustration that the capital stmcture and dividend policy were considered in the establishment of the frim value.
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RAMA_61201_01011381520078_0023105902_0029078402_01_front_ref.pdf
RAMA_61201_01011381520078_0023105902_0029078402_02.pdf
RAMA_61201_01011381520078_0023105902_0029078402_03.pdf
RAMA_61201_01011381520078_0023105902_0029078402_04.pdf
RAMA_61201_01011381520078_0023105902_0029078402_05.pdf
RAMA_61201_01011381520078_0023105902_0029078402_06_ref.pdf
RAMA_61201_01011381520078_0023105902_0029078402_07_lamp.pdf
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