Similarity of Financing Decision and Dividend Policy to Corporate Value

Thamrin, KM. Husni and Sulastri, Sulastri and Mukhlis, Mukhlis and Bashir, Abdul and Lestari, Hilda Tri and Isnurhadi, Isnurhadi (2023) Similarity of Financing Decision and Dividend Policy to Corporate Value. Turnitin Universitas Sriwijaya, The 5th Sriwijaya Economics, Accounting, and Business Conference (SEABC 2018).

Preview	Text Financing_Decision_and_Dividend_Policy_to_Corporat.pdf - Accepted Version Download (2MB) | Preview
Preview	Text Isnurhadi, Financing Decision and Dividend Policy to Corporate Value, Manajemen.pdf - Published Version Download (210kB) | Preview
	Text 125940801 - Published Version Download (37kB)

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 price book value. The sample of this study was 35 manufacturing companies in the period of 2013-2017 which listed on the Indonesia Stock Exchange with 175 data observations. 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 test. 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 price 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 significantly influence the price book value. The conclusions of the study had provided an illustration that the capital structure and dividend policy were considered in the establishment of the firm value.

Item Type:	Other
Subjects:	H Social Sciences > HG Finance > HG4001-4285 Finance management. Business finance. Corporation finance
Divisions:	01-Faculty of Economics > 61001-Management (S3)
Depositing User:	Ph.D Isnurhadi Isnurhadi
Date Deposited:	06 Apr 2023 13:03
Last Modified:	06 Apr 2023 13:03
URI:	http://repository.unsri.ac.id/id/eprint/80249

Actions (login required)

View Item