THE INFLUENCE OF PROFITABILITY AND DEBT POLICY TO FIRM VALUE WITH DIVIDEND POLICY AS INTERVENING VARIABLE (A CASE STUDY OF A MANUFACTURING COMPANY IN INDONESIA’S STOCK EXCHANGES 2012-2016)

Rika Septiani, Patricia Dhiana Paramita, Marsiska Ariesta Putri

Abstract


The company encounters problems where the dividend policy is high and affects the low value of the firm. The purpose of this research is to analyze and prove empirically profitability and debt policy to company value.
The population in this study are 130 manufacturing companies listed on the Indonesia Stock Exchange and the number of samples matching the criteria of 10 companies. Data analysis technique in this research is Gradual Linear Regression and Path Analysis.
Based on the results of the analysis, the profitability has a positive effect and the debt policy has a negative and insignificant effect. While profitability to firm value have negative and not significant influence and debt policy have positive effect not significant. Dividend policy has a positive and significant effect on firm value and is able to mediate profitability and debt policy to company value.
Keywords: Profitability, Debt Policy, Dividend Policy and Corporate Value


Full Text:

PDF

Refbacks

  • There are currently no refbacks.