摘要:Company has a normative goal to maximize the value of the companies, which aims to maximize shareholder wealth. This study aims to analyze the factors that value effect of the company. The variables used in this study are the Debt to Equity Ratio (DER), Dividend Yield (DYD) and Size. The research was conducted on property companies listed on the Stock Exchange, period from 2009 to 2011. The dependent variable in this study is measured by the value of the company’s, Price to Book Value (PBV). The independent variable in this study is capital structure is measured by Debt to Equity Ratio (DER), dividend policy as measured by Dividend Yield (DYD) and Size. Sampling was conducted using purposive sampling method which produces 17 companies as the study of a population sample of 52 companies. The method used in this research is the analysis of linier regression. This result showed by together DER, DYD and Size has effect on PBV. The partially DER indicated positive and significant effect of PBV. Size had no significant positive effect on PBV. DYD has significant effects and negatively to PBV.
其他摘要:Company has a normative goal to maximize the value of the companies, which aims to maximize shareholder wealth. This study aims to analyze the factors that value effect of the company. The variables used in this study are the Debt to Equity Ratio (DER), Dividend Yield (DYD) and Size. The research was conducted on property companies listed on the Stock Exchange, period from 2009 to 2011. The dependent variable in this study is measured by the value of the company’s, Price to Book Value (PBV). The independent variable in this study is capital structure is measured by Debt to Equity Ratio (DER), dividend policy as measured by Dividend Yield (DYD) and Size. Sampling was conducted using purposive sampling method which produces 17 companies as the study of a population sample of 52 companies. The method used in this research is the analysis of linier regression. This result showed by together DER, DYD and Size has effect on PBV. The partially DER indicated positive and significant effect of PBV. Size had no significant positive effect on PBV. DYD has significant effects and negatively to PBV. Keyword : Debt to Equity Ratio (DER), Divident Yield (DYD), Size and Proce to Book Value (PBV)
关键词:Debt to Equity Ratio (DER);Dividend Yield (DYD);Size dan Price to Book Value (PBV)