The Effect of Profitability, Institutional Ownership on the Value of the Company with Dividend Policy as a Meditation

Ida Ayu Ria Paramita Handayani, Dodik Ariyanto, Ni Ketut Rasmini, Anak Agung Gde Putu Widanaputra

Abstract


This study aims to examine the effect of profitability and institutional ownership on firm value with dividend policy as a mediating variable. The data used is sourced from secondary data collected through the company's financial statements for 2014-2016. The sample used in this study amounted to 12 banking companies. Analysis of the data used in this study uses path analysis. This study obtained results that profitability affects dividend policy, institutional ownership has no effect on dividend policy, profitability affects the value of the company, institutional ownership affects the company's value and dividend policy affects the value of the company. For the results of the mediation effect test, this study obtained results that dividend policy is not a mediating variable of the effect of profitability and institutional ownership on the value of the company.


Keywords


Profitability; institutional ownership; company value; dividend policy.

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References


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