<p><em>The purpose of this study is to examine the affect of profitability and dividend policy toward the firm’s value on the bank companies which are listed in Indonesia Stock Exchange.The number of populations are all banks companies which are listed in Indonesia Stock Exchange.</em><em> </em><em>The sample was selected using purposive sampling method, and obtained sample of 30 companies.</em><em> Data source is the annual report of banking companies taken through the official website of Indonesia Stock Exchange </em><em>(www.idx.co.id).</em> <em>The test used multiple linear regression analysis using Eviews Program.</em><em> Profitability proxy with Return On Equity, while dividend policy proxy with Dividend Payout Ratio. The result this study shows that profitability has positively and significantly effect to firm’s value, whereas dividend policy has negatively and insignificantly effect to firm’s value.</em></p><p> </p><p>Penelitian ini bertujuan untuk menguji pengaruh profitabilitas dan kebijakan dividen terhadap nilai perusahaan pada perusahaan perbankan yang terdaftar di Bursa Efek Indonesia. Populasi penelitian adalah seluruh perusahaan perbankan yang terdaftar di BEI periode 2012 – 2016. Sampel dipilih menggunakan metode <em>purposive sampling</em> dengan kriteria sampel adalah Perbankan yang terdaftar di BEI dalam periode 2012 – 2016, Perbankan yang memiliki laporan keuangan lengkap dalam periode 2012 – 2016, Perbankan yang membagikan deviden dalam periode 2012 – 2016, dan diperoleh sampel sebanyak 30 perusahaan. Sumber data adalah laporan keuangan tahunan perusahaan perbankan yang diambil melalui situs resmi Bursa Efek Indonesia (www.idx.co.id). Pengujian menggunakan analisis regresi linier berganda dengan alat bantu Program Eviews. Profitabilitas diukur dengan menggunakan <em>Return </em><em>O</em><em>n Equity</em>, sedangkan kebijakan dividen diukur dengan <em>D</em><em>ividend </em><em>P</em><em>ayout </em><em>R</em><em>atio serta nilai perusahaan diukur dengan Price to Book Value</em>. Hasil penelitian menunjukkan bahwa variabel profitabilitas berpengaruh positif dan signifikan terhadap nilai perusahaan, sedangkan kebijakan dividen berpengaruh negatif dan tidak signifikan terhadap nilai perusahaan.</p>
Devidend adalah bagian dari laba yang diberikan kepada para pemegang saham. Besar kecilnyadividend yang dibayarkan oleh perusahaan kepada pemegang saham tergantung pada kebijakan dividendmasing-masing perusahaan. Penelitian ini bertujuan untuk mengetahui seberapa besar faktor-faktorcurrent ratio, debt to equity ratio dan net profit margin berpengaruh terhadap Dividend Payout Ratio.Populasi dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI)periode tahun 2010-2014 yang berjumlah 15 perusahaan. Dimana setiap perusahaan yang diambil adalahperusahaan yang memiliki data lengkap meliputi CR, DER, dan NPM serta membagikan dividen berturutturutselama periode 2010-2014. Adapun sampel penelitian ini diambil dengan menggunakan teknikpurposive sampling yaitu pemilihan anggota sampel berdasarkan kriterian-kriteria tertentu. Alat analisisyang digunakan dalam penelitian ini adalah regresi linear berganda. Berdasarkan penelitian ini, secaraparsial ada satu variabel yaitu net profit margin yang berpengaruh signifikan positif dan variabel currentratio tidak berpengaruh positif dan tidak signifikan, sedangkan debt to equity ratio berpengaruh positifnamun tidak signifikan terhadap Devidend Payout Ratio. Secara simultan variabel ROA, CR, DER dan Sizeberpengaruh signifikan terhadap Devidend Payout Ratio. Hal ini dibuktikan dengan nilai sig-F lebih kecildari signifikansi 5% yaitu sebesar 0,035.
This study aims to examine the effect of intellectual capital and financial performance on the value of companies in manufacturing companies listed on the Indonesia Stock Exchange (IDX). The research population is all manufacturing companies listed on the Indonesia Stock Exchange for the period 2013 - 2017. This sample was selected using a purposive sampling method with sample criteria. Manufacturing is listed on the IDX during the end of 2017 period, Manufacturing is listed consecutively during the period 2013 - 2017, Manufacturing that uses Rupiah, Manufacturing that has complete financial statements for the period 2013 - 2017, Manufacturing that has financial data in accordance with the variables to be tested, namely Price to Book Value, Value Added Intellectual Coefficient, Return On Assets, and Manufacturing that does not has data outliers, and obtained a sample of 11 companies. The data source is the annual financial statements of manufacturing companies taken through the official website of the Indonesia Stock Exchange ( www.idx.co.id ). Testing uses panel data regression analysis with the Eviews Program tool. Intellectual capital is measured using Value Added Intellectual Coefficient (VAIC), while financial performance is measured by Return on Assets (ROA) and company value measured by Price to Book Value (PBV). The results showed that the variable intellectual capital had a negative and not significant effect on firm value, while financial performance had a positive and significant effect on firm value.
The stock price is a reference for investors in taking an investment decision, stock prices often change adjusting to the level of supply and demand.The purpose of this research is to know how big the influence of financial performance and value of enterprise on the stock price on companies in the finance enrolled in the indonesia stock exchange the period 2013-2017. The sample collection technique uses the purposive sampling and based on criteria specified obtained samples from 28 company. Data from the financial reports obtained from official website of IDX. The analytical method used is regression analysis of panel data with the help of application E-Views 8. The initial test is to test the Chow-Test to decide whether the Pooled Least Square or Fixed Effect method is used and the test Hausman-Test to decide whether the Fixed Effect or Random Effect method can be used. The Stock Price in companies in the finance sectorwho are actually enrolled in IDX during the period of research only influenced showed signs of positive sentiments sizable enforcement action taken by Price To Book Value ( PBV ), but Return On Asset ( ROA )to have an influence negative and it is not significant.
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