Pengaruh Kebijakan Deviden, Struktur Modal, Ukuran Perusahaan, dan Kepemilikan Institusional terhadap Nilai Perusahaan pada Sektor Consumer Good yang Listing di Bursa Efek Indonesia (BEI) Periode 2012-2016
Abstract: The purpose of this
research is to determine the effect of dividend policy, capital structure, firm
size, and institutional ownership toward firm value in the consumer good sector
listing in Indonesia Stock Exchange (IDX) period 2012-2016. This study uses
quantitative research type, with secondary data in the form of companys
financial statements obtained from the official website of Indonesia Stock
Exchange (IDX). The analytical method used is multiple regression analysis with
the help of SPSS 24 software analysis tool. The results of research showed that
dividend policy and institutional ownership have an effect on firm value, while
firm size and capital structure have no effect to firm value. This imply that
dividend policy and institutional ownership have an effect on firm value
because investors prefer dividends over capital gain. Whereas for institutional
ownership, individual investors feel that firm give priority to institutional
investors to the detriment of individual investor. Capital structure does not
effect the value of the company because debt increases the risk of bankruptcy
for the company. As for the firm size, investor will not judge its worth based
on all aspects of the company such as the level of sales, corporate financial
statements, and reputation company
Keywords: firm value, dividend
policy, firm size, capital structure, institutional ownership
Penulis: KARINA DITA PUTRI
PRADANI, TONY SENO AJI
Kode Jurnal: jpmanajemendd180510
