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Determinants of Firm Value : Dividend Policy and Debt Policy Theory Testing

A'yun M, Khusnul (2019) Determinants of Firm Value : Dividend Policy and Debt Policy Theory Testing. Masters thesis, STIE Perbanas Surabaya.

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Abstract

The long-term goal of a business organization in financial perspective is to maxim-ize the value of the company. In public companies, firm value is the perception of shareholders related to the success of thecompany, which can be reflected in the price of outstanding shares on the capital market. The aims of this research are to examine the dividend policy and debt policy theory, and the effect on firm value.Firm value is investor’s perception about the firm success that can be seen from the outstanding stock price in stock market.Sample in this research consists of non financial firms listed in LQ 45 consistently for five years in period 2013-2017. Samples are selected withpurposive sampling method and there are 73 observations based on the defined criterias.Data analysis technique used in this research is Multiple Regression Analysis (Ordinary Least Square). The results show that dividend policy has significantpositive effecton firm value, while debt policy has no significant effect on firm value.The managerial implication of this research is the importance of the company in making optimal dividend decision in order to give a positive signal to the market,so it can attractsinvestors which will ultimately increase the value of the company.

Item Type: Thesis (Masters)
Subjects: 600 - TECHNOLOGY > 658 - GENERAL MANAGEMENT > 658.15 - FINANCIAL MANAGEMENT
Divisions: Magister of Management
Depositing User: Perpustakaan Universitas Hayam Wuruk Perbanas Surabaya
Date Deposited: 05 Feb 2021 05:18
Last Modified: 05 Feb 2021 05:18
URI: http://eprints.perbanas.ac.id/id/eprint/5571

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