PENGARUH STRUKTUR KEPEMILIKAN DAN KEBIJAKAN KEUANGAN TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2010-2012)
Abstract: This study aimed to
examine the effect of ownership structure and financial policy on firm value.
Firm value measured by the Price to Book Value, using data companies listed on
Stock Exchanges in Indonesia.
The population in this study is companies listed on Stock Exchanges in
Indonesia. Samples were selected using purposive sampling method. The analysis
used is multiple regression analysis. Before being tested with multiple
regression first tested the classical assumptions.
Results showed that together the independent variables of institutional
ownership, managerial ownership, debt policy, dividend policy, and investment
policy affects the dependent variable firm value. Whereas individually,
variable dividend policy and institutional ownership and a significant positive
effect on firm value. Investment policy significant negative effect on firm
value. While managerial ownership variables and debt policy does not
significantly affect the firm value.
Keywords: Institutional
Ownership, Managerial Ownership, Debt Policy, Dividend Policy, Investment
Policy, firm value
Penulis: Stephani Novitasari
Christianingsih Kaluti, Agus Purwanto
Kode Jurnal: jpakuntansidd141030
