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PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA Marbun, Ervina; L. Tobing, Vargo Christian
Aksara Public Vol 4 No 1 (2020): Februari (2020)
Publisher : EDUTECH CONSULTANT

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Abstract

The company was founded aiming to achieve maximum profit, to improve the welfare of shareholders, through the company's ability to pay dividends. The company invest their funds to get high dividends, so potential investors are interested in investing. The number of investors who want to invest in a company affects the company's stock price. The value of the company's shares is shown as the value of the company. This study aims to determine the effect of managerial ownership, institutional ownership, and leverage on firm value. The study population consisted of 72 companies in the basic industrial and chemical sectors which were listed on the Indonesia Stock Exchange in the 2014-2018 period. The research sampling technique used a purposive sampling method to obtain 55 companies that met the criteria. This research data is secondary data from annual financial statements. The method of data analysis uses multiple regression analysis. F test results indicate that managerial ownership, institutional ownership, and leverage simultaneously affect the value of the company. T test results show managerial ownership and leverage do not have a significant effect on firm value.
PENGARUH LABA BERSIH DAN ARUS KAS OPERASI TERHADAP KEBIJAKAN DIVIDEN PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA Kharisma, Putri; L. Tobing, Vargo Christian
Aksara Public Vol 4 No 1 (2020): Februari (2020)
Publisher : EDUTECH CONSULTANT

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Abstract

Dividend policy is a decision of a company to distribute profits generated in the form of dividends or will be retained in the form of retained earnings. Dividend policy is influenced by net income and operating cash flow. The purpose of this study is to determine whether there is an influence between net income and operating cash flow on dividend policy. The independent variables in this study are net income and operating cash flow, while the dependent variable in this study is the dividend policy measured by the dividend payout ratio. The population in this study were manufacturing companies on the Indonesia Stock Exchange in 2014-2018. The sample in this study were 45 data consisting of 9 companies and 5 years of research. The method used in this research is descriptive statistics, classic assumptions, and influence tests. The results of this study the researchers found that partially net income had no significant effect on dividend policy measured using the dividend payout ratio and partially operating cash flow did not significantly influence the dividend policy measured using the dividend payout ratio. Partially, net profit and operating cash flow together do not significantly influence dividend policy as measured by dividend payout ratio.