Model of Firm Value Indonesian Stock Exchange Case

John Elim
Additional contact information
John Elim: Faculty of Economics and Business Persada Indonesia University, Y.A.I Jakarta, Indonesia.

International Journal of Economics and Financial Issues, 2019, vol. 9, issue 3, 154-162

Abstract: Aim of the research is to investigate whether cash dividend tax, institution ownership and retained earning influence on dividend policy and their implications on the firm value. Based on panel data of 73 companies that listed in Indonesian Stock Exchange, the results of research using Eviews 10 version application as follows: Institution ownership has positive dan significant influenced on dividend policy. However, cash dividend tax has negative influence on dividend policy insignificantly and retained earnings has positive and insignificant influenced on dividend policy. Cash dividend tax, institution ownership and retained earning together have significant influence on dividend policy. Cash dividend tax has positive and significant influence on firm value. Institution ownership and retained earnings have negative and significant influence on firm value. Cash dividend tax, institution ownership, retained earnings, dividen policy have significant influence on firm value. Cash dividend tax, institutional ownership, dan retained earnings have direct connection on firm value while dividend payout ratio fails to be as intervening variable on firm value.

Keywords: Cash dividend tax; institutional ownership; retained earnings; dividend policy; firm value (search for similar items in EconPapers)
JEL-codes: E10 E32 E60 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijefi/article/download/8036/pdf (application/pdf)
https://www.econjournals.com/index.php/ijefi/article/view/8036/pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:2019-03-14

Access Statistics for this article

International Journal of Economics and Financial Issues is currently edited by Ilhan Ozturk

More articles in International Journal of Economics and Financial Issues from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().