PENGARUH KOMITE AUDIT, LIKUIDITAS, SOLVABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PT. TIGA PILAR SEJAHTERA FOOD TBK DAN PT. ULTRAJAYA MILK INDUSTRY AND TRADING COMPANY TBK YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2016

Abstract

This study aims to examine the effect of the audit committee, liquidity, solvency on the
value of the company with dividend policy as an intervening variable. The sampling model is
perposive sampling and obtained 2 companies as samples that are the object of research. The
research data is obtained from financial reports on PT Tiga Pillar Sejahtera Food Tbk and PT
Ultrajaya Milk Industry and Trading Company Tbk which are listed on the Indonesia Stock
Exchange for the period 2012-2016.
The analytical method used in this research is quantitative by testing classical
assumptions and statistical analysis, namely path analysis that uses two stages to measure the
direct and indirect effects between independent variables on the dependent variable through
intervening.
The analysis shows that the audit committee, liquidity, solvency does not have a
significant effect on the dividend policy that can be seen in stage I. While in stage II shows that
the audit committee has no significant effect on the value of the company, liquidity does not
have a significant effect on the value of the company, solvency has no negative effect not
significant to company value and dividend policy does not have a significant effect on the value
of the company.
Keywords: audit committee, liquidity, solvency, company value, and
dividend policy.