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Pengaruh coprorate governance mechanism terhadap nilai perusahan melalui pertumbuhan profitabilitas dan kebijakan deviden
The purpose of this research is to analyze the influence of corporate governance mechanisms to the value of the firm through growth, profitability and dividend policy. The population of this study are all of manufacturing companies listed on the Indonesia Stock Exchange for the period of 2000-2012. The sampling method used in this study was purposive sampling, with the criteria that the company distributed cash dividends and have an independent member of the board of trustees. This study proves that the growth of the company affecting the profitability and the firmsvalue, despite the fact that the company reduced its dividend payments. Sobel?s test result shows that firm?s growth effect to firm value mediating by profitability significantly, represented by return on equity. Corporate governance mechanisms plays an important role in preventing unproductively growth of companies that have reached the stage of maturity. The intensification of the firms value, also influenced by its ability to increase the profitability and dividend payments. Institutional ownership and board size as a proxy for corporate governance mechanism plays an important part to encourage companies to improve their return on equity, while the independent board persuade companies to increase the dividend payments. In this study the board size variable has shown a very important role on the increase of profitability, dividend payments, and therealizations of the value of the company.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| EJK 1901 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Surabaya: Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya |
|---|---|
| Edisi | - |
| Subjek | Growth Return on equity Dividend Payout Ratio Corporate Governance Mechanism value of the firm |
| ISBN/ISSN | 14110393 |
| Klasifikasi | - |
| Deskripsi Fisik | - |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |