ANALISIS PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, RISIKO, TINGKAT LEVERAGE, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur yang Listed di BEI

Abstract

This research is talk about influence analyze of managerial ownership, institutional ownership, risk, leverage rate, and dividend policy on the firm value (Price Book Value). Sample is taken from manufacture companies listed in Indonesian Stock Exchange by using purposive sampling method, for an observation period of 2005, 2006, and 2007. Data were collected from financial report and Indonesian Capital Market Directory (ICMD). The statistics method used to test hypothesis is a linear multiple regression. The result of empirical examination using multiple regression analysis gives result that: (1) managerial ownership of independent variables had positive influence on firm value and statically significant, (2) institutional ownership of independent variables had positive influence on firm value and statically significant, (3) risk of independent variables had positive influence on firm value and statically significant, (4) leverage rate of independent variables had positive influence on firm value and statically significant, (5) dividend policy of independent variables had positive influence on firm value and statically significant.