EFFECT OF PROFITABILITY, DECISION OF FUNDING, DIVIDEND POLICY AND CORPORATE SOCIAL RESPONSIBILITY (CSR) VALUE OF MINING COMPANIES LISTED IN THE PERIOD 2008-2013 BEI

Abstract

The value of the company is investor perception of the company, which is often associated with stock prices. To that end, the value of the company is very important because of the high value of the company which will be followed by a high wealth of shareholders, where the higher the value the company shows the company's prospects in the future, as well as reflect the assets owned by the company.

The value of the company can be affected by profitability, funding decisions, dividend policy and corporate social responsibility (CSR). The purpose of this study was to analyze the influence of profitability, funding decisions, dividend policy and corporate social responsibility (CSR) to firm value mining companies listed on the Stock Exchange 2008-2013.

This study uses the profitability, funding decisions, dividend policy and corporate social responsibility (CSR) as the independent variable and the value of the company as the dependent variable. The sampling technique is purposive sampling. The samples are mining companies listed on the Stock Exchange which publishes an annual report during the observation period (2008-2013). The analysis is the method of quantitative analysis, including descriptive statistical analysis, logistic regression, and analysis of the model goodness.

Based on the test results of profitability, dividend policy and corporate social responsibility (CSR) has positive effect on firm value, while funding decisions negative effect on firm value. Based on the test results showed that showed that the regression model can be used to predict the value of the company. While variable Profitability, Financing Decision, Dividend Policy and Corporate Social Responsibility can explain the value of the Company amounted to 59.5%.

Key words: the value of the company, profitability, funding decisions, dividend policy, corporate social responsibility (CSR).