Analisis Pengaruh Leverage, Dividend Payout Ratio, dan Profitability Terhadap Firm’s Value dengan Firm Size dan Firm Ownership Sebagai Variabel Kontrol pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Rudyanto, Rudyanto (2010) Analisis Pengaruh Leverage, Dividend Payout Ratio, dan Profitability Terhadap Firm’s Value dengan Firm Size dan Firm Ownership Sebagai Variabel Kontrol pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Undergraduate thesis, Universitas Internasional Batam.

Text Rudyanto_0641030.pdf - Published Version Restricted to Repository staff only Download (4MB)

Abstract

This research aim on analyzing the effect of leverage, dividend payout ratio, and profitability on firm’s value with firm size and firm ownership as control variables for the companies listed in Indonesian Stock Exchange. The dependent variable firm’s value is measured using market to book ratio, while the independent variables are leverage, dividend payout ratio, and profitability which is measured using return on equity, and the control variables are firm size and firm ownership. The research population is the companies listed in Indonesian Stock Exchange, from 2004 to 2008. Using the purposive sampling method, samples that meet the requirements are 61 firms or 269 observations data. This research uses multiple regression method to analyze the effect of independent variables on dependent variable. The data are then analyzed using statistical package for social sciences (SPSS). The finding of the research indicates that dividend payout ratio, profitability, and size have a significant effect on firm’s value. The further analysis based on different firm ownership indicates that profitability is the only factor that effect firm’s value across all type of ownership, where dividend payout ratio only has a significant effect on firm’s value in the foreign ownership firms (PMA). Firm’s value somehow is not significantly affected by leverage and firm ownership. Keywords: Firm’s Value, Leverage, Dividend Payout Ratio, Profitability, Firm Size, and Firm Ownership

Actions (login required)

View Item