LIKUIDITAS SAHAM, KEBIJAKAN DIVIDEN DAN NILAI PERUSAHAAN

Mursalim Mursalim

Abstract

The objective of the paper is to investigate the effects of stock liquidity, dividend policy by the proxy of dividend payout ratio, and dividend policy by the proxy of dividend yield to the value of the firm. The research tested the hypotheses by using multiple regression. Hypotheses’ testing was conducted by using research sample of 25 banking company registered in the Indonesian Stock Exchange during the years of 2006-2008. The samples were determined by using purposive sampling method. The research result shows that stock liquidity has positive siginificant effect on the value of the firm. Other result shows that dividend policy by the proxy of dividend payout ratio has positive siginificant effect on the value of the firm. On the contrary, the result shows that dividend policy by the proxy of dividend yield does not have siginificant effect on the value of the firm.          

Keyword:  stock liquidity, dividend policy, dividend payout ratio, dividend yield, value of the firm 

Full Text:

PDF

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM


JURNAL AKUNTANSI DAN AUDITING INDONESIA (JAAI)
ISSN 1410-2420 (print), 2528-6528 (online)
Published by Accounting Department, Faculty of Economics, Islamic University of Indonesia and Supported by IAI-KAPd (Ikatan Akuntan Indonesia - Kompartemen Akuntan Pendidik)

Creative Commons License
JAAI pada http://journal.uii.ac.id/index.php/JAAI/ terlisensi oleh Creative Commons Attribution 4.0 International License.