Analisis Pengaruh Profitabilitas, Kebijakan Deviden, Kebijakan Hutang, dan Kepemilikan Manajerial Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2010 – 2012)

Abstract

The company's goal is to maximize corporate value through profitability, dividend policy, debt policy and ownership manjerial. this can be achieved by maximizing the value of the company. But sometimes companies fail to increase the value of the company, which is one reason the company is less conscientious in applying the factors that affect the value of the company. This makes the performance of the company in negative light by the stakeholders. This study used secondary data obtained from ICMD and www.idx.com. The samples used in this study is on manufacturing companies listed on the Stock Exchange 2010-2012 period by 41. Methods of analysis used in this study is multiple regression analysis, while the hypothesis tested by t test and F test with a significant level of 5%. The results of the analysis showed that the data used in this study have met the classical assumptions, which include: normally distributed, multikorlonearitas not happen, did not happen and did not happen heterokedastisitas autocorrelation. From the regression results obtained that the first hypothesis (H1) Profitability (ROE) significantly affects the value this company is proved by the results of significance is 0.000 <0.05. The second hypothesis (H2) Dividend Policy (DPR) no significant effect on the value this company is proved by the results of significance is 0.956> 0.05. The third hypothesis (H3) Debt Policy (DER) no significant effect on the value this company is proved by the results of significance is 0.103> 0.05. The fourth hypothesis (H4) Managerial Ownership (KM) does not significantly affect the value this company is proved by the results of significance is 0.1276> 0.05.