Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening
Increasing the firm value is one of the main purposes of a company. Increasing the firm value means the stock return gives the optimal return to the investors. The main objective of the present study is to expand researches in analyzing the impact of managerial ownership, institutional ownership,...
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| Format: | Article |
| Language: | English |
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Sekolah Pascasarjana Universitas Katolik Widya Mandala Surabaya
2013-11-01
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| Series: | Jurnal Akuntansi Kontemporer |
| Online Access: | http://journal.wima.ac.id/index.php/JAKO/article/view/1012 |
| _version_ | 1797642600656666624 |
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| author | Melanie Sugiarto |
| author_facet | Melanie Sugiarto |
| author_sort | Melanie Sugiarto |
| collection | DOAJ |
| description | Increasing the firm value is one of the main purposes of a company.
Increasing the firm value means the stock return gives the optimal return to the
investors. The main objective of the present study is to expand researches in
analyzing the impact of managerial ownership, institutional ownership, and
dividend policy to the firm value, either directly or indirectly with debt policy as
the intervening variable. Population in this study are public companies listed in
Indonesia Stock Exchange that are not included in the categories of banking
industry, institution of credit matters, security, and insurance for an observation
period of 2003 to 2007. Data were collected through purposive sampling and 64
firms were taken as sample. The analysis method used in this study is multiple
linear regressions expanded with path analysis using t he SPSS1 6.0.T he results o f
this study show t hat: (l) managerial ownership had direct negative impact to firm
value and didn't have indirect impact to firm value with debt policy as the
intervening variable;( 2) institutional ownership had no direct and indirect impact
to firm value; and (3) dividend policy had direct negative impact to firm value and
indirect positive impact to firm value with debt policy as the intervening variable. |
| first_indexed | 2024-03-11T14:02:48Z |
| format | Article |
| id | doaj.art-be9216e058c74d0e869bada0461dca39 |
| institution | Directory Open Access Journal |
| issn | 2085-1189 2685-9971 |
| language | English |
| last_indexed | 2024-03-11T14:02:48Z |
| publishDate | 2013-11-01 |
| publisher | Sekolah Pascasarjana Universitas Katolik Widya Mandala Surabaya |
| record_format | Article |
| series | Jurnal Akuntansi Kontemporer |
| spelling | doaj.art-be9216e058c74d0e869bada0461dca392023-11-02T04:02:05ZengSekolah Pascasarjana Universitas Katolik Widya Mandala SurabayaJurnal Akuntansi Kontemporer2085-11892685-99712013-11-013110.33508/jako.v3i1.1012880Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai InterveningMelanie SugiartoIncreasing the firm value is one of the main purposes of a company. Increasing the firm value means the stock return gives the optimal return to the investors. The main objective of the present study is to expand researches in analyzing the impact of managerial ownership, institutional ownership, and dividend policy to the firm value, either directly or indirectly with debt policy as the intervening variable. Population in this study are public companies listed in Indonesia Stock Exchange that are not included in the categories of banking industry, institution of credit matters, security, and insurance for an observation period of 2003 to 2007. Data were collected through purposive sampling and 64 firms were taken as sample. The analysis method used in this study is multiple linear regressions expanded with path analysis using t he SPSS1 6.0.T he results o f this study show t hat: (l) managerial ownership had direct negative impact to firm value and didn't have indirect impact to firm value with debt policy as the intervening variable;( 2) institutional ownership had no direct and indirect impact to firm value; and (3) dividend policy had direct negative impact to firm value and indirect positive impact to firm value with debt policy as the intervening variable.http://journal.wima.ac.id/index.php/JAKO/article/view/1012 |
| spellingShingle | Melanie Sugiarto Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening Jurnal Akuntansi Kontemporer |
| title | Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening |
| title_full | Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening |
| title_fullStr | Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening |
| title_full_unstemmed | Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening |
| title_short | Pengaruh Struktur Kepemilikan dan Kebijakan Dividen terhadap Nilai Perusahaan dengan Kebijakan Hutang sebagai Intervening |
| title_sort | pengaruh struktur kepemilikan dan kebijakan dividen terhadap nilai perusahaan dengan kebijakan hutang sebagai intervening |
| url | http://journal.wima.ac.id/index.php/JAKO/article/view/1012 |
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