The Effect of Debt Policy, Profitability and Managerial Ownership on Company Value

International Journal Administration, Business & Organization Pub Date : 2024-05-04 DOI:10.61242/ijabo.24.386

Darti Djuharni, Adhin Achmad Kuncahyo, Sonhaji Sonhaji, H. Mauludin

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Abstract

The purpose of this study is to determine the effect of debt policy, profitability, and managerial ownership on company value mediated by dividend policy. Data was obtained from the Indonesia Stock Exchange without financial sector companies during the period 2019-2021. The population for this type of company was 264, with a purposively determined sample of 35 companies obtained over three years of observation. The results of this study show that debt policy is not able to have a positive and significant influence on company value, but profitability is able to have a positive and significant influence on company value, In addition, managerial ownership is able to have a positive and significant influence on company value, The results of this study show that dividend policy cannot mediate positively and significantly the effect of policy Debt to company value, also cannot mediate positively and significantly the effect of profitability on company value, and cannot mediate positively and significantly the effect of managerial ownership on company value

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债务政策、盈利能力和管理者所有权对公司价值的影响

本研究旨在确定以股利政策为中介的债务政策、盈利能力和管理所有权对公司价值的影响。数据来源于2019-2021年期间印尼证券交易所不含金融行业公司的数据。该类型公司的人口数量为 264 家，在三年的观察期内有目的性地确定了 35 家公司作为样本。研究结果表明，债务政策无法对公司价值产生积极而显著的影响，但盈利能力能够对公司价值产生积极而显著的影响，此外，管理所有权能够对公司价值产生积极而显著的影响。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

International Journal Administration, Business & Organization

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