Studi kebijakan deviden: Variabel anteseden dan konsekuensi terhadap nilai perusahaan di Bursa Efek Indonesia
- Purposes - This study aims to discuss the effect of profitability on dividend policy, the influence of dividend policy on firm value, dividend policy relationship that mediates the relationship between profitability and firm value and to analyze the impact of the company's financial policy on Indonesia Stock Exchange.
- Methods - This research was conducted at the Indonesia Stock Exchange (IDX) specifically for Banking companies in 2011 to 2015 which is listed on the Indonesian Stock Exchange (IDX) Medan Representative. The population in this study is a trading company that amounts to 43 companies listed on the Stock Exchange in the period 2011 to 2015. And the sample in this study amounted to 6 of 43 banking sub-sector companies listed on the Stock Exchange in the period 2011 to 2015. Data analysis techniques used in this study is path analysis.
- Findings - The results of this study prove that partially profitability as measured by Return On Assets has a significant effect on firm value as measured by Price Book Value, partially partial profitability as measured by Return On Assets has no significant effect on dividend policy as measured by Dividend Payout Ratio, Partial dividend policy as measured by Dividend Payout Ratio has no significant effect on firm value as measured by Price Book Value while simultaneously profitability, dividend policy has a significant effect on firm value in banking companies listed on the Indonesia Stock Exchange.