Determinants of firm’s value: Evidence from financial industry

The purpose of this study was to estimate and analyze the effect of dividend policy, profitabil-ity, firm size, leverage, and growth on firm value in financial sector listed on Indonesia Stock Exchange from 2013 to 2017. A quantitative method is used for this research with 21 companies as research o...

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Bibliographic Details
Published inManagement science letters Vol. 10; no. 1; pp. 111 - 120
Main Authors Endri, Endri, Fathony, Moch
Format Journal Article
LanguageEnglish
Published Growing Science 2020
Subjects
Dividend policy
Firm value
Profitability
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Summary:The purpose of this study was to estimate and analyze the effect of dividend policy, profitabil-ity, firm size, leverage, and growth on firm value in financial sector listed on Indonesia Stock Exchange from 2013 to 2017. A quantitative method is used for this research with 21 companies as research object, measured by purposive sampling techniques. The data analysis method used is panel data regression. The results show that firm size, leverage, and growth did not have any significant effect on firm value in financial sector companies in the period 2013-2017. However, dividend policy and profitability proved to have significant positive effects on firm value in financial sector companies for the period 2013-2017. Simultaneous results also show that dividend policy, profitability, firm size, leverage and growth had some effects on firm value.
ISSN:1923-9335
1923-9343
DOI:10.5267/j.msl.2019.8.011