The purpose of this research is to measure the influence between agency conflict’s factors to the value of the firm with dividend policy as the moderating variable. Some of variables which are used in this research such as Free Cash Flow Ratio, Leverage, Return on Asset, GCG’s Implementation (CGPI), Dividend Policy, danValue of The Firm (Tobin’s Q). This research sample consisted of 126 observations which are the listed company in Indonesia Stock Exchange (IDX) during 2008-2014 period and they also are the company with the best GCG index. The results showed thatFree Cash Flow Ratio, Leverage, Return on Asset, GCG’s Implementation (CGPI), Dividend Policy have significant effect simultaneously on Value of The Firm (Tobin’s Q). While in partial, only GCG’s Implementation (CGPI) which doesn’t has significant effect onValue of The Firm (Tobin’s Q). On the other hand, dividend policy significantly moderated the influence of the other 4 independent variables to the value of the firm.
This research attempts to place the ownership structure, which includes managerial ownership, institutional ownership, foreign ownership, and concentration ownership as determinants to predict value of the firm. Managerial ownership will be identified and analyzed on its possibility to form the inverse U-shape relationship pattern, therefore the test on parabolic effect between managerial ownership using Tobin’s Q can be conducted. Meanwhile, such test cannot be conducted to the other three independent variables. This test was applied to non-financial firms whose shares were listed on Indonesia Stock Exchange (IDX) during 2000-2017. The result of panel data regression test concludes that managerial ownership can predict value of the firm, while it is not for institutional ownership and foreign ownership.
Pemberdayaan adalah merupakan pengembangan potensi diri dalam memenuhi kebutuhan ekonominya sendiri tanpa bantuan orang lain. Hal ini dilakukan dengan workshop kewirausahaan untuk membuka wawasan para peserta agar memiliki mindset yang sama tentang entrepreneurship. Melalui workshop ini para peserta terbuka wawasannya mengenai peluang-peluang usaha yang ada di sekitarnya. Pengabdian masyarakat yang dilaksanakan ini bertujuan mengembangkan potensi ekonomi dimasyarakat yang ada serta meningkatkan ketrampilan masyarakat dan siswa memiliki dorongan dan kemampuan dalam menciptakan lapangan kerja sendiri dan untuk masyarakat sekitarnya. Dengan beberapa pendekatan dalam pelaksanaan abmas ini bertujuan agar para peserta mudah untuk menerima dan mengimplementasikannya di masyarakat sehingga target dapat tercapai guna memiliki ketrampilan dan penciptaan lapangan pekerjaan baru terlaksana sesuai harapannya.
Kata kunci: Kapasitas Life Skill, Kewirausahaan, Pemberdayaan Masyarakat.
Penelitian ini bertujuan untuk menguji pengaruh ukuran perusahaan terhadap kinerja perusahaan dengan peran pertumbuhan penjualan sebagai moderasi. Populasi pada penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada periode 2017 – 2019 dengan total sampel sebanyak 180. Analisa yang digunakan dalam penelitian adalah regresi linear berganda. Hasil dari penelitian ini menunjukkan bahwa ukuran perusahaan berpengaruh positif terhadap kinerja perusahaan sedangkan peran moderasi sales growth dan leverage terbukti tidak berpengaruh.
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