This is an outdated version published on 2024-05-31. Read the most recent version.

The Effect of Dividend Policy, Profitability and Institutional Ownership on Company Value

Authors

  • Suharti Universitas Muhammadiyah Semarang
  • Titania Lukas Kurnia Ilahi Universitas Muhammadiyah Semarang
  • Suwardi Universitas Muhammadiyah Semarang
  • Dedik Purwanto Universitas Muhammadiyah Semarang

Keywords:

Dividend Policy, Profitability, Institutional Ownership, Corporate Value

Abstract

This study aims to analyze the Effect of Dividend Policy, Profitability, and Institutional Ownership on the Company Value of Banks in Indonesia (Case Study of Banks Listed on IDX for the 2018-2022 Period). This study uses Company Value as the dependent variable. While the independent variable uses Dividend Policy, Profitability, and Institutional Ownership. This study used a quantitative approach with pooled data. The study population is the annual report of banks listed on the Indonesia Stock Exchange (IDX) for the 2018-2022 period. The sample selection method in this study used the purposive sampling method. The data analysis technique used in this study is multiple regression analysis. Based on the results of data analysis, the Dividend Policy has a negative and insignificant effect on the Company's Value with a significant value of 0.072. Profitability has a negative and significant effect on the Company Value with a significant value of 0.000. Institutional Ownership has a negative and significant effect on the Company's Value with a significant value of 0.000. Thus, the variables of Dividend Policy, Profitability, and Institutional Ownership were able to influence the variables of Company Value by 70.3% and the remaining 29.7% were influenced by other variables that were not analyzed in this study

References

Audrey Princess, C. (2021). Factors affecting the value of banking companies listed on the IDX in 2017-2019. Economic Development, 24(2), 83–101. https://doi.org/10.26593/be.v24i2.5109.83-101

Evia, Z., Santoso, R. E. Wi., & Nurcahyono, N. (2022). Pengalaman Kerja, Independensi, Integritas, Kompetensi dan Pengaruhnya terhadap Kualitas Audit. Jurnal Akuntansi Dan Governance, 2(2), 141. https://doi.org/10.24853/jago.2.2.141-149

Brigham, F, E. H., &; F, J. (2001). Financial Management (Kede edition). Erlangga.

Khasanah, S. N. U., & Nurcahyono, N. (2021). Capacity, Pengaruh Operating Growth, Sales Dan, Arus K A S Terhadap, Leverage Distress, Financial. Jurnal Sustainable, 2(2), 357–371

Muzakir, M. F. A. (2022). Ownership Structure, Dividend Policy, Debt Policy and Corporate Value in the Banking Sector. EKOMBIS REVIEW: Scientific Journal of Economics and Business https://doi.org/10.37676/ekombis.v10i1.1687

Romadhani, A., Muhammad, S., &; Nila, F. N. (2022). The effect of profitability, company size, and dividend policy on company value. Fair Value: Scientific Journal of Accounting and Finance, 5(5), 2173–2180. https://doi.org/10.32670/fairvalue.v5i5.2727

Rahma, A. M., Nurcahyono, N., & Sinarasri, A. (2022). Moderating Effects of Institutional Ownership on the Relation Between Capital Structure. International Conference on Business, Accounting, Banking, and Economics, 1, 293–306. https://doi.org/10.2991/978-94-6463-154-8

Wahyuni, R. S., &; Banjarnahor, H. (2022). Factors Affecting the Value of Consumer Goods Sector Companies Listed on the IDX. TALIAT (Scientific Journal of Accounting Students), 13(1), 297–309.

Anggita, R. T., Rinofah, R., &; Sari, P. P. (2021). The influence of institutional ownership, debt policy, investment decisions, and profitability on company value. Journal Of Management, Accounting, Economic and Business, 02(01), 38–49. http://trianglesains.makarioz.org

Downloads

Published

2024-05-31 — Updated on 2024-05-31

Versions

How to Cite

Suharti, Titania Lukas Kurnia Ilahi, Suwardi, & Dedik Purwanto. (2024). The Effect of Dividend Policy, Profitability and Institutional Ownership on Company Value. Economics and Business International Conference Proceeding, 1(1), 112–120. Retrieved from https://jurnalnew.unimus.ac.id/index.php/EBiC/article/view/387