CD Skripsi
Pengaruh Kesempatan Investasi Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Dan Capital Structure Sebagai Variabel Intervening (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2017)
ABSTRACT
This study aims to analyze the influence of Investment Opportunity on the Firm Value with dividend policy and capital structure as an intervening variable. This research uses Manufacturing companies listed in Indonesia stock exchange in the period from 2013-2017.The sampling method used was purposive sampling method and the amount of sample was 50 firms. Type of data used are secondary data that is financial statement of companies. Methods of data analysis used in this study is path analysis.
The result in this research found that investment opportunity has a negative effect toward dividend policy, while Opportunity investment has a negative and not significant effect toward capital structure, and opportunity set has a positive and significant effect toward firm value. The result of this study also showed that dividend policy has a positive and significant effect on firm value while capital structure has a negative and not significant effect on firm value. This study found that dividend cash intervene the effect of investment opportunity and firm value. But capital structure did not intervene the effect of investment opportunity and firm value.
Keywords : Investment Opportunity, dividend policy, capital structure, firm value
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