Pengaruh Profitabilitas Dan Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Struktur Modal Sebagai Variabel Intervening (Studi pada Perusahaan Manufaktur Yang Listing Di Bursa Efek Indonesia Periode 2009-2012)

Abstract

The main objective of the study is to examine the impact of
profitability, dividend policy, and capital structure on firms value in
Indonesia Stock Exchange (IDX). Population in this study are public
company listed in Indonesia Stock Exchange during 2009-2012. The data
were then analyzed by the multiple regression analysis, using the SPSS
Program version 16.0. The results of this study show that (1) profitability
have positive and significant influence on capital structure, (2) profitability
have negative and significant influence on capital structure, (3) profitability
have positive and significant influence on firm value, (4) dividend policy
have not significant influence on firm value, (5) capital structure have
negative and significant influence on firm value, (6) profitability have
significant influence on firm value weather capital structure, (7) devident
policy have significant influence on firm value weather capital structure, (8)
by simultan profitability, dividend policy, and capital structure have
significant influence on firm value