CD Skripsi
Pengaruh Profitabilitas, Keputusan Investasi Dan Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2016 – 2018)
ABSTRACT
This study aims to examine the effect of profitability, investment decision
and dividend policy on firm value with corporate governance as a moderating
variable. Profitability is assessed using the ROE proxies, investment decision is
assessed using PPE proxies, dividend policy is assessed using the DPR proxies,
good corporate governance is measured by cgpi score and firm value is assessed
using the PBV proxies.
The data used in this study are secondary data in the form of annual
reports from 2016-2018 obtained from the Indonesia stock exchange site or
www.idx.co.id. The population in this study amounted to 163 manufacturing
companies listed in the Indonesia stock exchange with a sampling technique using
purposive sampling obtained as many as 134 companies. Testing the hypothesis in
this study uses moderating regression analysis (MRA) with the help of the SPSS
application.
The results obtained showed that (1) profitability has a positive and
significant effect on firm value (2) investment decision has a negative and
significant effect on firm value (3) dividend policy has a positive and significant
effect on firm value (4) good corporate governance has a positive and significant
effect on firm value (5) good corporate governance reinforces the effect of
profitability on firm value (6) good corporate governance reinforces the effect of
investment decision on firm value (7) good corporate governance reinforces the
effect of dividend policy on firm value.
Keywords: profitability, investment decision, dividend policy, good corporate
governance, firm value
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