NURMALIANTY, TANTY (2017) PENGARUH FREE CASH FLOW TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING. S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
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Text (Skripsi)
PENGARUH FREE CASH FLOW TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTER.PDF Restricted to Registered users only Download (24MB) |
Abstract
The purpose of this study was to determine whether there is influence between the investment decision on firm value, by using good corporate governance as an intervening variable on consumer goods industry companies in the Indonesian Stock Exchange 2011-2015 period. In this research Free cah flow is measured by FCF, firm value is measured by price to book value, dividend policy is measured by dividend payout ratio. The population that used in this study is a consumer goods industry company which listed on the Indonesia Stock Exchange (BEI) from 2011-2015 as many as 13 companies. By using saturated sampling method obtained as many as 13 companies. The data used is secondary data. Analysis of data using classic assumption test, Path analysis, and partial test (t test). By using SPSS (Statistical Product and Service Solution) program 22 for windows. From the result of the calculations, all the test of classical principle has been fulfilled. The results show: (1) free cash flow (FCF) does not apply to the Firm Value (PBV), (2) free cash flow (FCF) does apply to the dividend Policy (DPR), (3) free cash flow (FCF) does not apply to the Dividend Policy (DPR). And from the results of intervening regression analysis showed that (3) Dividend Policy as mediating variable is unable to mediating the Free Cash Flow (FCF) to Firm Value (PBV).
| Item Type: | Thesis (S1) | |||||||||
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| Additional Information: | dari free cash flow terhadap nilai perusahaan, dengan menggunakan kebijakan dividen sebagai variabel intervening pada perusahaan consumer goods industry yang terdaftar di Bursa Efek Indonesia periode 2011-2015. Dalam penelitian ini, free cash flow diukur dengan FCF, nilai perusahaan diukur dengan price to book value, dan kebijakan dividen diukur dengan dividend payout ratio. Populasi yang digunakan dalam penelitian ini adalah perusahaan consumer goods industry yang terdaftar di Bursa Efek Indonesia (BEI) dari tahun 2011-2015 sebanyak 13 perusahaan. Dengan menggunakan metode sampling jenuh didapat sampel sebanyak 13 perusahaan. Data yang digunakan adalah data sekunder. Analisis data menggunakan uji asumsi klasik, analisis jalur (Path Analysis), dan uji parsial (uji t). Dengan menggunakan program SPSS (Statistik Product and Service Solution) 22 for windows. Dari hasil perhitungan, semua uji asumsi klasik telah terpenuhi. Hasil penelitian menunjukkan bahwa: (1) Free Cash Flow (FCF) tidak berpengaruh terhadap nilai perusahaan (PBV), (2) Free Cash Flow berpengaruh positif terhadap kebijakan dividen (PBV), (3) Kebijakan Dividen tidak berpengaruh terhadap Nilai Perusahaan (PBV) Serta dari hasil pengujian Path analysis menunjukan bahwa (4) Kebiajakan Dividen sebagai variabel Intervening tidak mampu memediasi pengaruh Free Cash Flow (FCF) terhadap nilai perusahaan (PBV), | |||||||||
| Subjects: | H Social Sciences > HB Economic Theory | |||||||||
| Divisions: | 05-Fakultas Ekonomi dan Bisnis 05-Fakultas Ekonomi dan Bisnis > 61201-Program Sarjana Manajemen |
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| Depositing User: | Admin Eprints Untirta | |||||||||
| Date Deposited: | 30 Sep 2021 05:00 | |||||||||
| Last Modified: | 30 Sep 2021 05:00 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/1826 |
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