THE INFLUENCE OF PROFITABILITY AND STRUCTURE OF OWNERSHIP ON COMPANY VALUE WITH DIVIDEND POLICY AS AN INTERVENING VARIABLE

Iswara, Ulfa Setia and Setyabudi, Teguh Gunawan (2020) THE INFLUENCE OF PROFITABILITY AND STRUCTURE OF OWNERSHIP ON COMPANY VALUE WITH DIVIDEND POLICY AS AN INTERVENING VARIABLE. JAK (Jurnal Akuntansi): Kajian Ilmiah Akuntansi, 7 (1). pp. 1-10. ISSN p-ISSN 2549-5968, e-ISSN 2339-2436

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Abstract

This study aims to test and empirically prove the effect of profitability and ownership structure on firm value with dividend policy as an intervening variable. This research is a quantitative research. The study was conducted on consumer goods industry companies listed on the Indonesia Stock Exchange in 2011 to 2016. Data were collected in the form of company annual report data from 2011 to 2016. Data analysis was performed using path analysis. The results showed that profitability had a significant positive effect on dividend policy, while the ownership structure had no effect on dividend policy. The company's profitability makes the company distribute dividends to shareholders. The variable profitability and dividend policy are proven to have a significant effect on firm value, whereas ownership structure has no effect on firm value. Companies with the ability to make profits and distribute dividends can add value to the company Keywords: company value, dividend policy, ownership structure, profitability.

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