2022
DOI: 10.36778/jesya.v5i2.734
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Pengaruh Kebijakan Dividen Terhadap Nilai Perusahaan Dengan Kebijakan Hutang Sebagai Variabel Intervening Pada Perusahaan Yang Terdaftar Di Indeks LQ 45 Periode 2015 -2019

Abstract: Investor menginginkan pengembalian atas investasinya baik dividen maupun capital gain. Sementara, perusahaan membutuhkan dana agar perusahaan dapat tumbuh terus menerus dan mempertahankan kelangsungan perusahaan. Aliran kas bebas yang dimiliki perusahaan berkurang akibat pembagian dividen sehingga manajemen mencari pendanaan dari luar (hutang) untuk membiayai kembali perusahaan. Kedua indikator baik kebijakan dividen dan kebijakan hutang saling berhubungan dan dapat mempengaruhi nilai perusahaan. Dalam teori B… Show more

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Cited by 4 publications
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“…If the company increases its dividend payments, the funds available to fund the company's operational activities (retained earnings) will be smaller, so to meet the company's fund needs, managers tend to use more debt (Zefriyenni et al, 2019). This statement is supported by research by Selvy &Esra (2022), andEstuti et al (2019) The influence of dividend policy on debt policy. However, the results of the study contradict the research of Prabowo et al (2019), Zefriyenni et al (2019), Hidayat & Sari (2021), and Aldi Al Adiat et al (2022) dividend policy has no effect on debt policy.…”
mentioning
confidence: 76%
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“…If the company increases its dividend payments, the funds available to fund the company's operational activities (retained earnings) will be smaller, so to meet the company's fund needs, managers tend to use more debt (Zefriyenni et al, 2019). This statement is supported by research by Selvy &Esra (2022), andEstuti et al (2019) The influence of dividend policy on debt policy. However, the results of the study contradict the research of Prabowo et al (2019), Zefriyenni et al (2019), Hidayat & Sari (2021), and Aldi Al Adiat et al (2022) dividend policy has no effect on debt policy.…”
mentioning
confidence: 76%
“…Managers can take the necessary actions to improve the well-being of their company, as opposed to efforts to maximize market value. Shareholders do not like the actions of managers who prioritize their personal interests because it will increase costs so that it will reduce dividends received (Selvy &;Esra, 2022).…”
mentioning
confidence: 99%
“…Dividends are a distribution of profits provided by companies that issue shares for the profits earned by the company. Research conducted by Selvy & Esra (2022) obtained a positive and significant direction on the effect of dividend policy on firm value, which means that the more companies that distribute dividends, the higher the value of the company. This is in line with the Bird in the Hand theory where investors will tend to choose to get dividends now rather than having to wait for capital gains in the future so that based on this thinking, the hypotheses that can be proposed in this study are: H1: Dividend policy affects CSR The company must provide some of the profits obtained for social programmes to cover the negative impact of the company's operational activities that it causes.…”
Section: Introductionmentioning
confidence: 95%
“…Berdasarkan hasil pada penelitian ini, menunjukkan bahwa Leverage tidak berpengaruh signifikan terhadap nilai perusahaan LQ-45. Hasil ini konsisten dengan penelitian yang dilakukan oleh (Selvy & Esra, 2022). Hal ini dikarenakan adanya persepsi bahwa investor dalam menginvestasikan dananya ke perusahaan tanpa memandang tingkat utang yang dimiliki perusahaan.…”
Section: Jurnal E-bis: Ekonomi-bisnis 342unclassified