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The Effect of Agency Conflict, Dividend Policy and Growth Opportunity as moderating variabel on Firm Value

Management Analysis Journal

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Field Value
 
Title The Effect of Agency Conflict, Dividend Policy and Growth Opportunity as moderating variabel on Firm Value
 
Creator erfiana, deka
Ardiansari, Anindya
 
Description This study aims to investigate the effect of agency conflict on dividend policy (Dividend Payout Ratio), dividend policy and growth opportunity on firm value, and analyzing growth opportunity moderate the effect of dividend policy on firm value. The population are 72 manufacturing companies which is listed on Indonesia Stock Exchange (IDX) from 2012 until 2014. The sample are 24 companies using purposive sampling technique. The analysis method  in this study is a simple regression analysis and multiple regression analysis and Moderated Regression Analysis (MRA) to examine the effect of moderating variable. Firm value variable is proxied by Price Book Value (PBV), Agency conflict variable is proxied by Total Asset  Turnover (TAT), dividend policy variable is  proxied by Dividend Payout Ratio (DPR), and growth opportunity is proxied by the precentage of changes in total assets.The result show that agency conflict has positive significant effect on dividend policy, dividend policy has positive significant effect on firm value, growth opportunity has no significant effect on firm value, and growth opportunity as moderating variable can effect the relationship of dividend policy and firm value.
 
Publisher Management Analysis Journal
 
Date 2017-04-25
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journal.unnes.ac.id/sju/index.php/maj/article/view/11531
10.15294/maj.v5i3.11531
 
Source Management Analysis Journal; Vol 5 No 3 (2016): Managemant Analysis Journal
2502-1451
2252-6552
 
Language eng
 
Relation https://journal.unnes.ac.id/sju/index.php/maj/article/view/11531/7730
 
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