PENGARUH KEBIJAKAN DIVIDEN DAN PROFITABILITAS TERHADAP NILAI SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) 2013

Abstract

This study was conducted to examine the effect of Dividend Policy and Profitability to Value Shares in companies listed in Indonesia Stock Exchange (IDX) 2013 population in this study is a company listed on the Indonesia Stock Exchange (IDX) and included in the company remains the compass 100 in 2013 . Data were obtained from published financial statements of the company. The analysis technique used is multiple linear regression and hypothesis testing using t-test statistics for the test of partial regression coefficients and F-statistics for the simultaneous regression coefficient test with 5% confidence level. The results of this study indicate that simultaneous Dividend Policy and Profitability significant effect on stock value this is shown the test results calculated F (3,762) is greater than F table (3.220). Based on the coefficient of determination R Square obtained amounted to 0.152 (15.20%), the value of shares possessed little effect on dividend policy and profitability of the remaining balance of 0,848 (84.80%) is determined by other factors beyond the scope of this.While the partial dividend policy has no significant effect on the value of the stock it is aimed at 0.383 significance value greater than the significance level of 0.05. Further variables and significant effect on the profitability of stock value this is shown from the significant value of 0.015 which is smaller than the significance level of 0.05. Although in this study were obtained as described above, but research is still to be developed in light of the other factors that affect the change in the value of shares.
Keywords: Dividend Policy, Profitability, Value Stocks