CD Tesis
Pengaruh Profitabilitas, Keputusan Pendanaan Dan Keputusan Investasiterhadap Nilai Perusahaan : Kebijakan Dividen Sebagai Variabel Intervening (Study Empiris Perusahaan Property Dan Real Estate Tahun 2012 – 2014)
The value of the company is very important because the increase in the value of a company will increase the prosperity of shareholders. The increase in a firm value will increase its stock price. This will attract investors to invest their money in that firm. The porpose of this study was to examine the effect of firm profitability, funding and investment decision on firm value in which dividend policy as an intervening variable. The object of this research is property and real estate companies listed in the Indonesian Stock Exchane. The number of population in this research was 50 property and real estate firms. The sample was 45 firms out of 50 firms in the period of 2012 – 2014. Sampling method was based on the availability of the firm f./inancial report during al the period of 2012 – 2014. This study used regression and path analysis to examine the effects. The statistical result can be concluded that ROE, DER and DPR had a positive and significant effect on the PBV; PER didn’t have an effect on the PBV. The DPR wasn’t able to mediate the relationship between ROE to PBV; the DPR wasn’t able to mediate the relationship between DER to PBV; and the DPR was able to mediate the relationship between DER to PBV.
Keyword : Firm Value, Profitability, Financing Decision, Investment Decision, Divident Policy
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