THE EFFECT OF CAPITAL STRUCTURE ON FIRM VALUE BY USING DIVIDEND POLICY AS AN INTERVENING VARIABLE (Study on Pharmaceutical Sub Sector Companies)

DIMENSIA (Diskursus Ilmu Manajemen STIESA)

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Field Value
 
Title THE EFFECT OF CAPITAL STRUCTURE ON FIRM VALUE BY USING DIVIDEND POLICY AS AN INTERVENING VARIABLE (Study on Pharmaceutical Sub Sector Companies)
 
Creator Hairudin, Hairudin
Desmon, Desmon
 
Description This study aims to examine and determine the effect of capital structure on firm value, with dividend policy as an intervening variable in the pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the period 2009-2016, with a total sample of 5 companies. This study uses path analysis. The results of this study indicate that the capital structure has a negative influence on firm value. While the capital structure also has a negative influence on dividend policy and dividend policy has a positive influence on company value, from the results of path analysis it is concluded that dividend policy can mediate the relationship between capital structure and firm value.
 
Publisher STIESA Press
 
Date 2020-04-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ojs.stiesa.ac.id/index.php/dimensia/article/view/411
 
Source DIMENSIA (Diskursus Ilmu Manajemen STIESA); Vol 17 No 1 (2020): April; 70-87
1693-1866
 
Language eng
 
Relation https://ojs.stiesa.ac.id/index.php/dimensia/article/view/411/161
 
Rights Copyright (c) 2020 STIESA PRESS
 

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