The Impact of Dividend Policy, Ownership Structure and Capital Structure on Company Valuation of Indonesian Manufacture

Abstract

This research aims to examine how dividend policy considerations, ownership structure and capital structure theoretically and empirically affect firm value. Manufacturing sector companies listed as research samples on the Stock Exchange in Indonesia for 2014-2018. In general, the results of the study indicate that there is a significant and positive influence of dividend policy on firm value, which means that the higher dividend policy will level up firm value. There is no significant effect of Ownership Structure on Firm value. There is no significant effect of Capital Structure on Firm value.

Keywords: Dividend Policy, Ownership Structure, Capital Structure, Firm value

DOI: 10.7176/RJFA/11-17-18

Publication date:October 31^st 2020