PENGARUH STRUKTUR KEPEMILIKAN DAN KEBIJAKAN DIVIDENTERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan yang Terdaftar dalam Bursa Efek Indonesia Periode Tahun 2008-2012)
This research was aimed to analyze the effect of ownership structure and dividend policy towards company�s value on companies registered in Indonesian Stock Exchange on the period 2008-2012. Based on the literature review, this research hypothesized that managerial ownership and institutional owne...
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| Format: | Thesis |
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[Yogyakarta] : Universitas Gadjah Mada
2013
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| Summary: | This research was aimed to analyze the effect of ownership structure and dividend
policy towards company�s value on companies registered in Indonesian Stock
Exchange on the period 2008-2012. Based on the literature review, this research
hypothesized that managerial ownership and institutional ownership structure had
positive effect on company�s value proxed to PBV ratio value. Policy proxed with
dividend yield had negative effect on company�s value. The analysis technique was
done using multiple linear regression analysis with F-test and T-test as hypotheses
test so that it is obtained empirical test result that indicated managerial ownership
structure, institutional structure, and dividend yield did not have positive effect on
company�s value. While retention ratio had negative effect on company�s value. This
research proved that empirically the managerial ownership structure, institutional
ownership structure and dividend yield were in market condition influenced by
investors� thinking pattern. It did not influence company�s value. While retention
ratio had negative effect because the effect of investors� thinking pattern that tended
to think the benefits and did not like future uncertainty. |
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