PENGARUH STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN(SEKTOR PERUSAHAAN MANUFAKTUR DI BEI TAHUN 2013-2017)

LESTARI, HILDA TRI and Sulastri, Sulastri and Husni Thamrin, Kemas Muhammad (2018) PENGARUH STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN(SEKTOR PERUSAHAAN MANUFAKTUR DI BEI TAHUN 2013-2017). Undergraduate thesis, Sriwijaya University.

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Abstract

This study aimed to examine the effect of capital structure which was proxied by debt equity ratio, and debt asset ratio and dividend policy which was proxied by dividend payout ratio to the company value which was proxied by price earnings ratio and pric e book value. The sample of thi s study was 35 manufacturing companies in the period of 2013-2017 which were listed on the Indonesia Stock Exchange with 175 data obsen1ations. The analysis used was a quantitative approach with a panel data regression model with an estimated random effect model that had been fulfilled through a hausmant test and a lagrange multiplier tes t. The results showed that the debt equity ratio had a positive and significant effect on the price earnings ratio , while the debt asset ratio and dividend payout ratio had a negative and significant effect on the price earnings ratio. The debt equity ratio had a positive and significant effect on the p11ce book value, and the debt asset ratio had a negative and significant effect on the price book value, but the dividend payout ratio did not signfficantly influence the price book value. The conclusions of the study had provided an illustration that the capital stmcture and dividend policy were considered in the establishment of the frim value.

Item Type:	Thesis (Undergraduate)
Uncontrolled Keywords:	Cap ital Structure, Dividend Policy, Firm Value, Pamel Data Regression Models.
Subjects:	H Social Sciences > HB Economic Theory > HB3711-3840 Business cycles. Economic fluctuations H Social Sciences > HB Economic Theory > HB522-715 Income. Factor shares
Divisions:	01-Faculty of Economics > 61201-Management (S1)
Depositing User:	Users 13 not found.
Date Deposited:	31 Jul 2019 04:12
Last Modified:	31 Jul 2019 04:12
URI:	http://repository.unsri.ac.id/id/eprint/1420

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