PENGARUH KEBIJAKAN DIVIDEN, STRUKTUR KEPEMILIKAN MANAJERIAL DAN STRUKTUR KEPEMILIKAN INSTITUSIONAL TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN PUBLIK INDUSTRI DASAR DAN KIMIA

Abstract

The objective of this research was to examine the influence of dividend policy, managerial ownership and institutional ownership on the firm value at basic industry and chemicals public companies. Population in this research are basic industry and chemicals companies listed in Indonesia Stock Exchange, for an observation period of 2005, 2006 and 2007. As much as 24 firms were taken as a sample using a purposive sampling method. Data were collected from annual financial statement of sample companies which have been publicized for a period 2005, 2006 and 2007. Data analysed by using a linear multiple regression method. The result of empirical examination using multiple regression analysis gives result that (1) Dividend policy had not influence on firm value at basic industry and chemicals public companies. (2) Management ownership had influence on firm value at basic industry and chemicals public companies. (3) Institutional ownership had not influence on firm value at basic industry and chemicals public companies.