The Influence of Ownership Structure, Company Size and Profitability on the Dividend Policy and the Value of Manufacturing Companies Registered With The Indonesian Stock Exchange
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 11
Abstract
This research aims at analyzing the influence of ownership structure on dividend policy, the influence of company size on dividend policy, the influence of profitability on dividend policy, the influence of ownership structure on company value, the influence of company size on company value, the influence of profitability on company value, and the influence of dividend policy on company value. The population of this research is 140 manufacturing companies registered with the Indonesian Stock Exchange. With 45 companies in the period of 2013 to 2017 as samples, this research employs purposive sampling. The analysis is conducted using The Structure Equation Modeling (SEM) with assistance of the Analysis Moment of Structure (AMOS) program version 21. The research results show that (1) Ownership structure positively and significantly influences dividend policy; (2) Company size negatively and significantly influences dividend policy; (3) Profitability positively and significantly influences dividend policy; (4) Ownership structure negatively and insignificantly influences company value; (5) Company size positively and significantly influences company value; (6) Profitability positively and significantly influences company value; and (7) Dividend policy positively and significantly influences company value.
Authors and Affiliations
Mahfudnurnajamuddin . , Masdar Mas’ud, Andi Nirwana Nur, Irwan Rasyid
Keywords
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- EP ID EP413136
- DOI 10.9790/487X-2011012832.
- Views 54
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