出版社:The International Institute for Science, Technology and Education (IISTE)
摘要:This study aim was to examine and analyzing effect of managerial ownership, financial leverage, profitability, firm size, and investment opportunity on dividend policy, and effect of all that variables on firm value. Populations were all manufacturing companies that go-public and listed at Indonesian Stock Exchange during 2006-2011 periods and a sample was decided by census method. Research results showed that managerial ownership and investment opportunity affect on dividend policy, while financial leverage, profitability, and firm size has no effect on dividend policy. These results further explained that research variables, namely managerial ownership, financial leverage, profitability, firm size, investment opportunity, and dividend policy affect firm value.
关键词:Dividend policy; Firm value; Firm characteristics; Indonesia Stock Exchange