PENGARUH KEBIJAKAN DIVIDEN TERHADAP NILAI PASAR PERUSAHAN YANG TERDAFTAR DI BEI
DOI:
https://doi.org/10.47498/tasyri.v11i1.278Keywords:
Dividen Policy, Company’s market value, equity valuation, models OhlsonAbstract
This research analyzes the effect of dividend policy on market value of companies listed in Indonesia Stock Exchange. Multiple linear regression analysis is used to analyze the hypotheses. The hypothesis of this researh is based on three Ohlson equity valuation Models. The first model of hypothesis is based on permanent earning, the second model is based on expected future earnings and the third model is based on current earning. In the firt group of hypothesis, the impact of investment on company’s market value is 43,9% . In the second group of hypotheses the impact of investment on company’s market value is 38,9%. In the third group of hypotheses, the impact of investment on company’s market value is 43,1%. Based on theses data, the dividend policy is irrelevant in increasing the company's market value. But, the investment is relevant in increasing the comnpany’s market value. This research confrim Mondigliani and Miller dividend irrelevance theory in 1961
Downloads
Downloads
Published
Issue
Section
License
- The right to publish all information contained on this journal’s website is held by the editorial board with the authors’ consent. The journal’s management will uphold the authors’ moral rights.
- The formal legal provisions governing access to all information and articles contained on this journal’s website are based on the terms of the Creative Commons Attribution License (CC BY-SA 4.0) licence, which means that information and articles from the AT-TASYRI’ Journal may only be distributed to third parties, with the author’s permission, for non-commercial purposes, provided that the original form is not altered.
- Every issue of the AT-TASYRI’ Journal, whether in print or electronic form, is open access for educational, research and library purposes. Beyond these purposes, the publisher or journal management accepts no liability for any copyright infringements committed by readers or users.
