Electronic Resource
Pengaruh kebijakan dividen terhadap nilai perusahaan
This study aimed to determine the effect of dividend policy on the value of
companies listed on the Stock Exchange (BEI) from 2010 and 2011. Dividend
policy is measured by Dividend Payout Ratio (DPR), while the value of the
company is measured by the Price Book Value (PBV), using control variables
Return on Assets (ROA). Models used in this research is the data time series
regression models.
The research object is the entire company listed Indonesian Stock
Exchange (BEI) from 2010 and 2011 with the company that issued the
specification cash dividend two years in a row. Object of the study sample was 62
companies. Research model provides results that are not significant. The research
hypotheses 2010 and 2011, variable dividend payout ratio (DPR) has no effect on
the price-book value (PBV). Development policy dividends are not shown to
affect the values to the company.
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