Yuni Andarwati, 13.05.51.0230
Students Journal of Economic and Management

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PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENINGPADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2013-2015 Yuni Andarwati, 13.05.51.0230
Students Journal of Economic and Management Vol 6, No 2 (2017): Vol, 6 No. 2 Edisi Oktober 2017
Publisher : Students Journal of Economic and Management

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Abstract

This research aimed to analyze the effect of profitability to firm value with dividend policy as intervening variable. The object of this research is manufacturing companies listed on Indonesia Stock Exchange (BEI) in 2013-2015. These companies become the population in this study then only a few who qualify to be sampled. Sampling method used is purposive sampling. Data analysis technique used is mediation regression analysis supported by path analysis. The result of research shows that profitability have positive and significant effect to company value. Dividend policy has a positive and significant effect on company value. Profitability has a positive and significant effect on dividend policy. The ability of each of those independent variables to influence the change of company value is only 57,2%, the rest is contribution of variables outside of this research model. The dividend policy does not mediate effect of profitability on firm value. Keywords: Firm Value, Profitability, Dividend policy.