PENGARUH STRUKTUR KEPEMILIKAN, KEBIJAKAN DIVIDEN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA INDUSTRI MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2009-2011
Abstract
The primary goal of the company is to maximize firm value through increased prosperity owners or
shareholders, so that shareholders will invest capital to the company. This research aims to examine the effect
of dividend policy, ownership structure includes managerial ownership and institutional ownership, and firm
size towards value of the firms. This study uses secondary data of 23 companies listed in Indonesia Stock
Exchange during the three year period from 2009 to 2011 as the samples and have to meet certain criteria. The
results show that institutional ownership, dividend policy and firm size affects firm value. Insider ownership is
not only a significant effect on firm value.
shareholders, so that shareholders will invest capital to the company. This research aims to examine the effect
of dividend policy, ownership structure includes managerial ownership and institutional ownership, and firm
size towards value of the firms. This study uses secondary data of 23 companies listed in Indonesia Stock
Exchange during the three year period from 2009 to 2011 as the samples and have to meet certain criteria. The
results show that institutional ownership, dividend policy and firm size affects firm value. Insider ownership is
not only a significant effect on firm value.