The Influence of Capital Structure and Dividens Policy to Firms Value Listed at Indonesian Stock Exchange

Peneliti

Dr. Linna Ismawati, S.E., M.Si

Deskripsi/Abstrak

This research aims to find evidence on whether the capital structure and dividend's policy have an impact on the firm's value. The study uses a firm-level panel data as all companies listed at Indonesian Stock Exchange who pays the dividend during the period of 2010-2015. The study develops three reseach hypoteses, which are used to represent the main theories of capital structure and theories of corporate dividends. The method used in this research consisted of the quantitative research method using explanatory survey. The design of analysis used is multiple regression analysis, coefficient of correlation analysis, and coefficient of determinant analysis. While hypothesis testing using t-test and F test. The research finding shows in partial effect the capital structure had the impact on firm's value, but the dividend's policy had not impacted significantly on firm's value. In simultaneously effect the capital structure and dividend's policy had the impact to firm's value. The implication of this study is to provide input for managers in establishing capital structure policies and dividend policies to increase the value of the company.