CD Tesis

Pengaruh Profitabilitas Dan Ceo Narcissism Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi(Studi Empiris pada Perusahaan IDX High Dividend 20 Periode 2020-2022)

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The objectives of this research are to examine and analyze the effect of profitability and CEO narcissism on company value with dividend policy as a moderator in companies listed on IDX High Dividend 20 in 2020-2022 period. Profitability provides a measure of the level of effectiveness of a company’s management as shown by the profits generated from sales or investment income. Profitability level is a measure used to assess the extent to which a company is able to generate profits at an acceptable level. This research also discusses CEO narcissism. CEO narcissism is defined as a company leader who has a strong character of self-love and always expects recognition for his performance. Narcissistic CEOs believe that their abilities will have a positive impact on the performance of the companies they lead.
This research uses secondary data sourced from company annual reports. The population in this research are companies registered on IDX High Dividend 20 in 2020-2022 period, totaling 26 companies. Samples were selected using a purposive sampling method, which base on certain criteria. In this research, the criteria are companies that have been listed on the IDX High Dividend 20, distributed cash dividends consecutively and the company published an annual report during 2020-2022. The results of this sampling obtained 20 companies with 3 years of observation (2020-2022), so that the sample used amounted to 60 analytical data that met the research criteria. The data analysis technique uses multiple linear regression analysis and moderated regression analysis (MRA).
The result of research shows that profitability and CEO narcissism have no effect on company value, meaning that increasing the value of profitability and CEO narcissism cannot increase or decrease company value. The research results also show that dividend policy does not moderate the effect of profitability on company value, meaning that dividend policy neither weakens nor strengthens the effect of profitability on company value, however, dividend policy moderates the effect of CEO narcissism on company value, which shows that the implementation of dividend policy is able to strengthen the effect of CEO narcissism on company value. The results of this research are unable to support the signaling theory which states that good information conveyed to potential investors causes an increase in their company’s shares. The results of this research are also unable to support the development of the dark triad theory which states that grandiose narcissists usually have a high taste for things related to status and power. However, the results of this research are able to support agency theory which states that there are differences in interests between management and shareholders.

Key words : Profitability, CEO Narcissism, Company Value, Dividend Policy.

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Ketersediaan

Informasi Detail

Judul Seri

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No. Panggil

1910246992

Penerbit

Pekanbaru : Universitas Riau – Pascasarjana – Tesis Akuntansi., 2024

Deskripsi Fisik

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Bahasa

Indonesia

ISBN/ISSN

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Klasifikasi

1910246992

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

Akuntansi

Info Detail Spesifik

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Pernyataan Tanggungjawab

Jaka

Versi lain/terkait

Lampiran Berkas

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