WICAKSONO, Pravangesta Gagas (2018) The Effect of Dividend Policy, Profitability, Leverage and Good Corporate Governance on Firm Value (Study on Banking Sector Listed on the Indonesian Stock Exchange Period 2013-2016). Skripsi thesis, Universitas Jenderal Soedirman.

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Abstract

This research is a quantitative research on Retail Sector that listed on Indonesia Stock Exchange year 2013-2016. This study takes the title: " The Effect of Dividend Policy, Profitability, Leverage and Good Corporate Governance on Firm Value (Study on Banking Sector Listed on The Indonesian Stock Exchange Period 2013-2016)." The purpose of this research is to analyze the effect of dividend policy, profitability, leverage and good corporate governance on firm value. The population in this study is the banking sector listed on the Indonesia Stock Exchange in 2013-2016. The numberS of samples in this study are 6 companies. Determination of sample is using purposive sampling method. Based on the results of research and data analysis using SPSS (Statistical Program for Social Science) shows that (1) Dividend Policy had positive but no Significant effect on firm value, (2) Profitability had positive and significant effect on firm value, (3) Leverage had positive and significant effect on firm value (4) Managerial ownership had positive and significant effect on firm value, (5) Institutional ownership had positive but no significant effect on firm value, (6) Board of commissioners had positive but no significant effect. As an effort to enhance the firm value, financial managers of banking sector listed on Indonesia Stock Exchange need to pay attention to dividend policy, profitability, leverage, managerial ownership, institutional ownership as well as the board of commissioners, both partially and simultaneously on price book value. The ways can be done by implementing the stable dividend policies because the company that pays the stable dividend will increase shareholders wealth and firm value. Financial managers of banking sector listed on Indonesia Stock Exchange also need to improve the company’s ability to invest the company’s total asset appropriately and improve the company's net income by increasing sales and reducing or controlling the expenses of the company in order to increase the firm’s profitability, give more attention to capital that consists of long-term liabilities are sourced from shareholders and third-party funds efficiently, manage the managerial and institutional ownership proportionally, maximize the role of board of commissioners performance and always stay on top of advances in the good corporate governance system.

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