JURNAL EKONOMI : PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI  VARIABEL INTERVENING

JURNAL EKONOMI : PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL INTERVENING

JURNAL EKONOMI : PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI  VARIABEL INTERVENING


Abstract
The main objective of the study is to examine the impact of profitability, dividend policy, and capital structure on firms value in Indonesia Stock Exchange (IDX). Population in this study are public company listed in Indonesia Stock Exchange during 2009-2012. The data were then analyzed by the multiple regression analysis, using the SPSS Program version 16.0. The results of this study show that (1) profitability have positive and significant influence on capital structure, (2) profitability have negative and significant influence on capital structure, (3) profitability have positive and significant influence on firm value, (4) dividend policy have not significant influence on firm value, (5) capital structure have negative and significant influence on firm value, (6) profitability have significant influence on firm value weather capital structure, (7) devident policy have significant influence on firm value weather capital structure, (8) by simultan profitability, dividend policy, and capital structure have significant influence on firm value.

Keyword: profitability, dividend policy, capital structure, and firms value
JURNAL EKONOMI : PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI  VARIABEL INTERVENING
JURNAL EKONOMI : PENGARUH PROFITABILITAS DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI  VARIABEL INTERVENING