Alamsyah, Agus Rahman (2019) Pengaruh Struktur Kepemilikan, Struktur Modal, dan Investment Opportunity Set terhadap Nilai Perusahaan Dimediasi Oleh Kebijakan Dividen (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Doctor thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh struktur kepemilikan, struktur modal, investment opportunity set terhadap nilai perusahaan dan dimediasi kebijakan dividen serta pengaruh kebijakan dividen terhadap nilai perusahaan. Pendekatan penelitian ini menggunakan metode causal research dengan data pooling yaitu penggabungan antara data time series dan cross section. Populasi penelitian ini adalah perusahaan manufaktur yang telah terdaftar di Bursa Efek Indonesia pada periode tahun 2012 sampai 2016 sebanyak 151 perusahaan. Teknik pengambilan sampel yang digunakan dalam penelitian ini adalah purposive sampling technique dengan jumlah sampel data tahun perusahaan observasi yang telah membagikan dividen dan memiliki kepemilikan manajerial sebanyak 32 perusahaan. Teknik analisis data untuk menjawab permasalah pada hipotesis penelitian adalah analisis jalur (path analysis). Temuan hasil penelitian adalah struktur kepemilikan, struktur modal dan IOS berpengaruh signifikan terhadap nilai perusahaan, struktur kepemilikan, struktur modal dan IOS berpengaruh tidak signifikan terhadap kebijakan dividen, struktur kepemilikan dan IOS berpengaruh signifikan terhadap nilai perusahaan yang dimediasi kebijakan dividen, struktur modal berpengaruh tidak signifikan terhadap nilai perusahaan yang dimediasi kebijakan dividen, dan kebijakan dividen berpengaruh tidak signifikan terhadap nilai perusahaan.
English Abstract
This study aimed to examines and analyzes the effect and influence of ownership structure, capital structure, investment opportunity set on firm value and mediated by dividend policy, and dividend policy on the value of the firm. The type of research used is explanatory type of research, namely explaining the symptoms caused by an object of research, namely testing and analyzing the influence of ownership structure, capital structure, investment opportunity set (IOS) on company value through dividend policy as its mediation. The population size of this research consisted of 151 manufacturing companies listed on the Indonesia Stock Exchange that operated between 2013 – 2017. Companies were chosen that in the observation period had distributed dividends and had managerial ownership of 32 companies for 5 years which equates to 160 firm years. The method of data analysis is Path analysis and Sobel test that is used to test is mediating role of dividend policy variable. The findings of the research findings are ownership structure, capital structure and IOS significantly influence the firm value, ownership structure, capital structure and IOS have no significant effect on dividend policy, ownership structure and IOS have significant effect on company value mediated dividend policy, capital structure has no significant effect towards company value mediated dividend policy, and dividend policy has no significant effect on firm value.
Other obstract
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| Item Type: | Thesis (Doctor) |
|---|---|
| Identification Number: | DIS/333.324/ALA/p/2019/061911373 |
| Uncontrolled Keywords: | kepemilikan manajerial, debt to equity ratio, market to book value of asset ratio, dividend payout ratio, nilai perusahaan.-managerial ownership, debt to equity ratio, market to book value of asset ratio, dividend payout ratio, firm value |
| Subjects: | 300 Social sciences > 333 Economics of land and energy > 333.3 Private ownership of land > 333.32 Types of tenure > 333.324 Corporate ownership |
| Divisions: | S2/S3 > Doktor Ilmu Manajemen, Fakultas Ekonomi dan Bisnis |
| Depositing User: | Endang Susworini |
| Date Deposited: | 08 Nov 2021 02:53 |
| Last Modified: | 08 Nov 2021 02:53 |
| URI: | http://repository.ub.ac.id/id/eprint/186642 |
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