The Effect of Profitability, Managerial Ownership and Dividend Policy on Company Value on Property Companies Listed on the Indonesia Stock Exchange

Authors

  • Marzuki Marzuki Universitas MalikussalehLhokseumawe Indonesia
  • Chairil Akhyar Universitas MalikussalehLhokseumawe Indonesia
  • Zahrina Zahrina Universitas MalikussalehLhokseumawe Indonesia

DOI:

https://doi.org/10.37776/manajerial.v10i3.720

Abstract

The purpose of this study was to examine the effect of profitability, managerial ownership and dividend policy on company value on property companies listed on the Indonesia Stock Exchange. The data used in this research were ROE, KM, DPR and PBV data on property companies in Indonesia Stock Exchange during 2016-2021. The data of this study were accessed on www.idx.co.id and www.bi.go.id. The method of data analysis in this study was multiple linear regression analysis. The results of the study found that Profitability (ROE) and Dividend Policy (DPR) had a positive and significant effect on company value, while managerial ownership had a negative effect on company value. The simultaneous test results found that profitability, managerial ownership, and dividend policy had a significant effect on company value.

Author Biographies

Marzuki Marzuki, Universitas MalikussalehLhokseumawe Indonesia

Departement of Management Faculty of Economic and business

Chairil Akhyar, Universitas MalikussalehLhokseumawe Indonesia

Departement of Management Faculty of Economic and business

Zahrina Zahrina, Universitas MalikussalehLhokseumawe Indonesia

Departement of Management Faculty of Economic and business

References

Arifin, S. 2014. Pengaruh Profitabilitas, Likuiditas, Growth Potential, dan Kepemilikan Manajerial terhadap Kebijakan Dividen. Skripsi. Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA). Surabaya.

Anita dan Arief .(2016). Pengaruh kepemilikan manajemen dan kebijakan dividen terhadap nilai perusahaan. Jurnal Manajemen.

Brigham dan Houston . (2010). Dasar-dasar manajemen keuangan, Buku satu. Edisi Kesepuluh, Ahli Bahasa Ali Akbar Yuliyanto. Salemba Empat, Jakarta.

Brigham dan Houston. (2008). Manajemen keuangan. Edisi kedelapan. Penerbit Erlangga. Jakarta.

Ghozali, Imam. (2011). Aplikasi Analisis Multivariate dengan program IBM SPSS 23. Universitas Diponegoro, Semarang.

Halim, Abdul. (2015). Manajemen Keuangan Bisnis Konsep dan Aplikasinya Edisi 1. Mitra Wacana Media, Jakarta.

Hanafi, A. Halim. (2008). Analisis Laporan Keuangan Edisi 1, Cetakan 3. UPPAMP-YKPN, Yogyakarta.

Haruman, T. (2008). Pengaruh Struktur Kepemilikan Terhadap Keputusan Keuangan dan Nilai Perusahaan (Survey pada Perusahaan Manufaktur

PT. Bursa Efek Indonesia). Prosiding Simposium Nasional Akuntansi XI. Pontianak.

Husnan, Suad.(2001). Dasar - Dasar Teori Portofolio dan Analisis Sekuritas

. Unit Penerbit dan Percetakan AMP YKPN, Yogyakarta.

Kasmir,2010, Pengantar manajemen keuangan,penerbit Kencana, Jakarta.

——(2014). Bank dan Lembaga Keuangan lainnya. PT Raja Grafindo Persada, Jakarta.

Moniaga, Fernandes. (2013). Struktur Modal, Profitabilitas dan Struktur Biaya Terhadap Nilai Perusahaan Industri Keramik, Porcelen dan Kaca Periode 2007-2011. Jurnal EMBA. Vol 1. No 4. Hal 433-442.

Sartono,A.2001. Manajemen keuangan teori dan aplikasi.Edisi Keempat.BPFE Yogyakarta.

Sugiyono. (2016). Metode Penelitian Bisnis. Cetakan 12. Alfabeta, Bandung.

www.bisnis.com. Diakses: 9 Agustus 2017

www.idx.co.id. Diakses: 6 Januari 2018.

Downloads

Published

2020-12-01