The Effect of Dividend Policy, Firm Size, and Productivity to The Firm Value

Lihard Stevanus Lumapow, Ramon Arthur Ferry Tumiwa

Abstract


The purpose of this study is to investigate the determinants of dividend policy, firm size and productivity on firm value. The sample is a manufacturing company listed on the Indonesia Stock Exchange (IDX) from 2008 to 2014, the method used in sampling that is purposive sampling. Analysis tool in this research is panel data regression with Random Effect Model (REM) approach. The test results show that dividend policy has a negative and significant effect on firm value; Furthermore, firm size has a positive and significant impact on firm value; and lastly, the productivity of the company has a positive and significant impact on the firm value.

Keywords: dividend policy, firm size, company productivity, firm value, company age


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ISSN (Paper)2222-1697 ISSN (Online)2222-2847

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