The Effects of Profitability, Debt Policy and Dividend Policy on Company Value: An empirical study on the manufacturing companies listed on the Indonesia stock exchange in the period of 2014-2016
- DOI
- 10.2991/icobame-18.2019.25How to use a DOI?
- Keywords
- profitability; debt policy; dividend policy; company value
- Abstract
This study aims to examine and analyze the effect of Profitability, Debt Policy and Dividend Policy on the Value of the Company. This study was conducted in Indonesia using a unit of analysis of go public manufacturing companies. The research population was a manufacturing company listed on the Indonesia Stock Exchange. By using purposive sampling method this research got 118 companies from 135 companies that had consistently announced complete report in 3 years. The data were analysed by multiple linear regression technique. The results showed that Profitability had no significant effect on the company values in the manufacturing companies on the Indonesia Stock Exchange. Debt policy had a positive significant effect on the company values in the manufacturing companies listed on the Indonesia Stock Exchange. Dividend policy had a positive significant effect on the company values in the manufacturing companies listed on the Indonesia Stock Exchange. The results of this study have implications for consideration for investors decision making.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Titiek Suwarti AU - Ceacilia Sri Mindarti AU - Listyorini Wahyu Widati AU - Ari Nurjanah PY - 2019/07 DA - 2019/07 TI - The Effects of Profitability, Debt Policy and Dividend Policy on Company Value: An empirical study on the manufacturing companies listed on the Indonesia stock exchange in the period of 2014-2016 BT - Proceedings of the International Conference on Banking, Accounting, Management, and Economics (ICOBAME 2018) PB - Atlantis Press SP - 114 EP - 117 SN - 2352-5428 UR - https://doi.org/10.2991/icobame-18.2019.25 DO - 10.2991/icobame-18.2019.25 ID - Suwarti2019/07 ER -