PENGARUH KEBIJAKAN DIVIDEN, PROFITABILITAS, KEPEMILIKAN INSTITUSIONAL, UKURAN PERUSAHAAN, DAN CORPORATE SOCIAL RESPONSIBILITY (CSR) TERHADAP NILAI PERUSAHAAN
Abstract
The purpose of this research is to examine and analyze the influence of dividend policy, profitability, institutional ownership, firm size, and Corporate Social Responsibility (CSR) to firm value. Dependent variable in this research is firm value measured by Price to Book Value (PBV). The independent variables in this study consist of dividend policy measured by Dividend Payout Ratio (DPR), profitability as measured by Return On Assets (ROA), institutional ownership (KI), firm size (Size), and Corporate Social Responsibility (CSR). The object of this research is a manufacturing company listed on the Indonesia Stock Exchange (IDX) period 2012-2016. The data used in this study is secondary data in the form of annual financial statements. The sample was chosen by using purposive sampling method and obtained by 63 companies. The analytical method used in this study used multiple linear regression with E-Views 7.1 application tool. The result of the research shows that dividend policy has a significant positive effect on firm value, profitability has positive significant influence to the firm value, institutional ownership has positive significant influence to the firm value, firm size has significant positive influence to the company value, and Corporate Social Responsibility (CSR) has significant negative influence to the firm value.