Faktor-faktor yang mempengaruhi nilai perusahaan pada perusahaan non keuangan

The purpose of this research is to get empirical evidence about factor- factor which affect to firm value on non-financial companies. This research was conducted to determine the effect of managerial ownership, financial leverage, profitability, firm size, investment opportunity, dividend policy, intangible asset, liquidity ratio, and asset turnover to firm value. The samples in this research consist of 33 non-financial companies that have been listed in Indonesia Stock Exchanges (BEI) from period 2011 until 2014. Samples selected based on purposive sampling method with total 132 research data were used. The statistical used in this research was multiple regression method. The research showed that financial leverage, dividend policy, liquidity ratio, and asset turnover had no effect to firm value. Only managerial ownership, profitability, firm size, investment opportunity, and intangible asset had effect to firm value.

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FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN: KEBIJAKAN DIVIDEN SEBAGAI PEMEDIASI

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v21i2.617 ◽

2019 ◽

Vol 21 (2) ◽

pp. 165-178

Author(s):

AULIA NUR HASANAH ◽

WIDYAWATI LEKOK

Keyword(s):

Firm Size ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Cash Holdings ◽

Selection Procedure ◽

Managerial Ownership ◽

Investment Opportunity ◽

Financial Leverage ◽

Samples Selection

The purpose of this study is to get emperical evidence about the influence of managerial ownership, financial leverage, profitability, firm size, investment opportunity, dividend policy, cash holdings, and number of independence board to the firm value; The influence of managerial ownership, financial leverage, profitability, firm size, and investment opportuinity to the firm value which is mediated by dividend policy. The population are non financial companies listed in Indonesia Stock Exchange (IDX) from the period of 2014 to 2016. This study used 55 samples and samples selection procedure used purposive sampling. Data were analyzed using multiple regression method and path analysis. The result of this study shows that financial leverage, profitability, and dividend policy have influence toward firm value. While managerial ownership, firm size, investment opportunity, cash holdings and independence board have no influence toward firm value. Dividend policy mediate the correlation of managerial ownership and firm size to the firm value. While dividend policy does not mediate financial leverage, profitability, and investment opportunity to the firm value.

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NILAI PERUSAHAAN: STUDI EMPIRIS FAKTOR-FAKTOR YANG MEMPENGARUHI

Media Bisnis ◽

10.34208/mb.v13i1.952 ◽

2021 ◽

Vol 13 (1) ◽

pp. 39-46

Author(s):

ARWINA KARMUDIANDRI ◽

MERRY ADITA CHANDRA

Keyword(s):

Firm Size ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Regression Method ◽

Managerial Ownership ◽

Investment Opportunity ◽

Financial Leverage ◽

Factors Influencing ◽

Multiple Regression Method

The purpose of this research is to analyze factors influencing firm value. The independen variable are investment opportunity, dividen policy, managerial ownership, financial leverage, profitability, firm size, board of indepedent commissioner, audit comittee. Population of this research is non-financial companies which are listed in Indonesia Stock Exchange from 2015 to 2017. The sample of this research are selected by using purposive sampling method, and 198 datas are taken. Data were analyzed using multiple regression method. The result of this research shows that financial leverage, profitability and board of independent commissioner have influence to firm value, whereas investment opportunity, dividen policy managerial ownership, firm size and audit comittee do not have influence to firm value.

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Analisis Efek Anteseden Struktur Modal Pada Nilai Perusahaan

Jurnal Akuntansi dan Keuangan ◽

10.23960/jak.v24i2.56 ◽

2021 ◽

Vol 24 (2) ◽

pp. 97-118

Author(s):

Ruli Indriani ◽

Ratna Septiyanti ◽

Ninuk Dewi Kusumaningrum ◽

Usep Syaipudin

Keyword(s):

Capital Structure ◽

Firm Size ◽

Firm Value ◽

Manufacturing Industry ◽

Dividend Policy ◽

Stock Exchange ◽

Managerial Ownership ◽

Investment Opportunity ◽

Investment Opportunity Set ◽

Positive Effect

The research aims to examine the antecedent variables of capital structure, such as profitability, firm size, investment opportunity set, managerial ownership, and dividend policy, and its effect on the firm value. We used 41 listed firms of the Indonesia Stock Exchange from manufacturing industry in 2012-2017 period. We used factor analysis to determine the representativeness of independent variables as the capital structure variables then we tested its effect on firm value by using multiple linear regression. The results indicate that profitability, firm size, investment opportunity set, managerial ownership, and dividend policy simultaneously have a statistically significance influence on capital structure. Partially, profitability has a statistically significance negative effect on capital structure, investment opportunity set has a statistically significance positive effect on capital structure, and managerial ownership has a statistically significancenegative effect on capital structure, while firm size and dividend policy have no statistically effect on capital structure. This research give an empirical evidence that capital structure have a statistically significance positive effect on firm value. This result have an implication that the antecedent effect of capital structure is positive and statistically significance on firm value.

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PENGARUH KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN, PROFITABILITAS, PERTUMBUHAN PENJUALAN DAN KESEMPATAN INVESTASI TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI

Jurnal Magister Akuntansi Trisakti ◽

10.25105/jmat.v6i2.5558 ◽

2019 ◽

Vol 6 (2) ◽

pp. 201

Author(s):

Vivi Apriliyanti ◽

Hermi Hermi ◽

Vinola Herawaty

Keyword(s):

Firm Size ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Sales Growth ◽

Manufacturing Companies ◽

Investment Opportunity ◽

Investment Opportunity Set ◽

Debt Policy ◽

Positive Effect

AbstractThe purpose of this study was to examine the influence of debt policy, dividend policy,profitability, sales growth and investment opportunity set on firm value with firm size as moderating variable in the manufacturing companies on the Indonesia Stock Exchange (IDX). The population used in this study is a company that is listed on the Indonesia Stock Exchange. The sample used in this study 128 companies with an observation period of 3 (three) years from 2016 to 2018. The method of determining the sample used in this study was the purposive sampling method. The data processing method used in this study is the causality test with multiple regression analysis using SPSS version 23. The independent variables in this study are Debt Policy, Dividend Policy, Profitability, Sales Growth and Investment Opportunity. The moderating variable in this study is Company Size. The dependent variable in this study is firm value. The results of this study indicate that Debt Policy has a positive effect on Firm’s Value, Dividend Policy does not effect on Firm Value, Profitability does not have a positive effect on Firm’s Value, Sales Growth does not effect on Firm’s Value, Investment Opportunity Set does not effect on Firm’s Value, Firm Size does not have a positive effect on Firm’s Value, Firm Size does not strengthen the realtionship between Debt Policy with Firm’s Value, Firm Size does not strengthen the realtionship between Dividend Policy with Firm’s Value, Firm Size does not strengthen the realtionship between Profitability with Firm’s Value, Firm Size does not strengthen the realtionship between Sales Growth with Firm’s Value, Firm Size does not strengthen the realtionship between Investment Opportunity Set with Firm’s Value.

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FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v20i2.416 ◽

2019 ◽

Vol 20 (2) ◽

pp. 117-126

Author(s):

ANWAR HARSONO

Keyword(s):

Firm Size ◽

Firm Value ◽

Dividend Policy ◽

Capital Expenditure ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Return On Assets ◽

Final Sample ◽

Debt Policy

The objective of the research is to obtain empirical evidence on the effect of independent variables of firm size, cash, capital expenditure, dividend policy, debt policy, return on asset, managerial ownership, and institutional ownership to firm value.The population used in this study are non-financial companies listed on the Indonesia Stock Exchange from 2013-2016. Intake of data in this research using purposive sampling method. There are 54 non-financial companies that fit the criteria and were selected as the final sample. This study uses multiple regression analysis to test the hypothesis. The value of firms in this study was measured using Tobins'Q.The empirical results of this study indicate that the variables independent debt policy and return on assets have an influence on firm value, while the variables of firm size, cash, capital expenditure, dividend policy, managerial ownership, and institutional ownership have no effect on firm value.

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PENGARUH CORPORATE GOVERNANCE DAN KARAKTERISTIK PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Jurnal Bisnis dan Akuntansi ◽

10.34208/jba.v21i2.623 ◽

2019 ◽

Vol 21 (2) ◽

pp. 195-204

Author(s):

FELICIA ◽

ARWINA KARMUDIANDRI

Keyword(s):

Firm Size ◽

Firm Value ◽

Audit Committee ◽

Sampling Method ◽

Stock Exchange ◽

Institutional Ownership ◽

Analysis Data ◽

Managerial Ownership ◽

Financial Leverage ◽

Linear Regressions

The aim of this research is to acquire managerial ownership, institutional ownership, audit committee, board of commissioner, independent commissioner, firm size, profitability, and financial leverage in affecting firm value in non-financial companies listed in Indonesia Stock Exchange. In this study, the researcher used 94 listed non-financial companies in Indonesia Stock Exchange since 2015 until 2017 that have been selected by purposive sampling method. Multiple linear regressions method is used to analysis data. The result of this research indicates that independent commissioner, profitability, and financial leverage have affect to firm value. While managerial ownership, institutional ownership, audit committee, board of commissioner, and firm size did not significantly impact on firm value.

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PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL, STRUKTUR KEPEMILIKAN INSTITUSIONAL, SET KESEMPATAN INVESTASI, UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Jurnal Ekonomi dan Bisnis Airlangga ◽

10.20473/jeba.v27i12017.5514 ◽

2017 ◽

Vol 27 (1) ◽

Author(s):

Purwo Adi Nugroho

Keyword(s):

Firm Size ◽

Ownership Structure ◽

Firm Value ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Investment Opportunity ◽

Investment Opportunity Set ◽

Real Estate Company ◽

Observation Period

The main purpose of this study was to determine the effect of managerial ownership structure, institutional ownership structure, investment opportunity set and firm size on firm value. The population of this study is a real estate company that listed on the Indonesia Stock Exchange with the observation period 2008 to 2012. Data obtained by the method of purposive sampling and the 42 companies sampled each year. The method of analysis used is multiple linear regression by using SPSS 20.0. The results of this study indicate that: (1) managerial ownership structure has no effect on firm value, (2) institutional ownership structure has significant effect on firm value, (3) investment opportunity set has significant effect on firm value, and (4) firm size has significant effect on firm value. Key words: managerial ownership structure, institutional ownership structure, investment opportunity set, firm size and firm value

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PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL, STRUKTUR KEPEMILIKAN INSTITUSIONAL, SET KESEMPATAN INVESTASI, UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Jurnal Ekonomi dan Bisnis Airlangga ◽

10.20473/jeba.v27i12017.73-90 ◽

2017 ◽

Vol 27 (1) ◽

pp. 73

Author(s):

Purwo Adi Nugroho

Keyword(s):

Firm Size ◽

Ownership Structure ◽

Firm Value ◽

Stock Exchange ◽

Institutional Ownership ◽

Managerial Ownership ◽

Investment Opportunity ◽

Investment Opportunity Set ◽

Real Estate Company ◽

Observation Period

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PENGARUH KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI, UKURAN PERUSAHAAN DAN KEPEMILIKAN MANAJERIAL TERHADAP NILAI PERUSAHAAN

Buletin Studi Ekonomi ◽

10.24843/bse.2019.v24.i01.p02 ◽

2019 ◽

pp. 18

Author(s):

Mutmainnah Mutmainnah ◽

Zarah Puspitaningtyas ◽

Yeni Puspita

Keyword(s):

Firm Size ◽

Firm Value ◽

Stock Price ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Decision ◽

Linear Regression Analysis ◽

Managerial Ownership ◽

Consumer Good Industry ◽

Good Industry

Firm value is investor’s view on the company which is related with stock price that may foster a positive signal to open the investment opportunities. This research aims to determine the effect of dividend policy, investment decision, firm size and managerial ownership on firm value of consumer good industry sector at Indonesia Stock Exchange in 2013-2017. The sample is selected using purposive sampling method on 11 companies. Furthermore, the data is processed using multiple linear regression analysis. The Results of research showed that dividend policy and investment decision have significant positive effect on firm value. But firm size and managerial ownership have significant negative effect on firm value.

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PENGARUH KEPEMILIKAN MANAJERIAL, UKURAN PERUSAHAAN, PROFITABILITAS, KEBIJAKAN DIVIDEN, KEPUTUSAN INVESTASI, STRUKTUR MODAL DAN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN KELUARGA YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016 – 201

Media Akuntansi ◽

10.47202/mak.v33i01.115 ◽

2021 ◽

Vol 33 (01) ◽

pp. 79-99

Author(s):

Endang Wahyuni ◽

Endang Purwaningsih

Keyword(s):

Capital Structure ◽

Firm Size ◽

Intellectual Capital ◽

Firm Value ◽

Dividend Policy ◽

Stock Exchange ◽

Investment Decisions ◽

Managerial Ownership ◽

Significant Positive Effect ◽

Positive Effect

This study aims to provide empirical evidence regarding the effect of managerial ownership, firm size, profitability, dividend policy, investment decisions, capital structure and intellectual capital on firm value. The population of this study is family companies listed on the Indonesia Stock Exchange during 2016-2019. The sample of this research is 128 samples. Sampling using purposive sampling method, namely determining the sample from the existing population based on the criteria desired by the researcher. This study uses multiple linear regression to analyze the data. The results of this study indicate managerial ownership has no effect on firm value, firm size has no effect on firm value, profitability has a significant positive effect on firm value, dividend policy has no effect on firm value, investment decisions have a significant positive effect on firm value, capital structure has a significant negative effect on firm value, and intellectual capital has no effect on firm value.

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