The Effect Of Dividend Policy, Firm Size and Capital Structure On Firm Value with Corporate Social Responsibility As A Moderation Variable In Open Mining Companies In Indonesia Stock Exchange
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 11
Abstract
Economic development that is increasingly rapid in this era of globalization, the challenge for companies to achieve corporate goals including applying the principle of business sustainability is increasing. This research is motivated by fluctuations in stock prices that reflect the value of the company. companies and capital structures began to be considered. Based on the background above, this study aims to determine the effect of dividend policy, company size and capital structure on firm value. The research sample is an open mining company listed on the Indonesia Stock Exchange for the period 2012-2016. The type of data used is secondary data. The dependent variable is the value of the company proxied by Tobins Q. While the independent variables are dividend policy, company size and capital structure. The moderating variable in this study is Corporate Social Responsibility (CSR). The data analysis technique used is the Moderating Regression Analysis (MRA). The results of this study indicate: (1) Dividend policy has a negative and not significant effect on firm value. (2) Company size has a positive and not significant effect on firm value. (3) Capital structure has a positive and significant effect on firm value. (4) Corporate social responsibility has a positive and not significant effect in moderating the effect of dividend policy on firm value. (5) Corporate social responsibility has a negative and not significant effect in moderating the effect of company size on firm value. (6) Corporate social responsibility has a negative and significant effect in moderating the effect of the capital structure on the value of the company in mining companies listed on the Indonesia Stock Exchange for the period 2012-2016.
Authors and Affiliations
Anggeriani . , Khaira Amalia Fachrudin, Amlys Syahputra Silalahi
Keywords
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- EP ID EP422193
- DOI 10.9790/487X-2011037082.
- Views 101
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