The Significance of a Dividend Policy as an Intervening Variable to Increase the Value of the Company

Sriyono, Sigit Hermawan, Wisnu P Setiyono, Herlinda Kumala Sari, Detak Prapanca

The benefits of dividend policy for investors have been widely researched by past researchers, but there is still no one researching dividend ability as an intervening variable. This is important to do because it will be beneficial for investors. Investors will feel benefited from this policy when the dividend has the ability of an intervening variable because this ability will increase the value of the company and ultimately be able to raise the stock price. The purpose of this study was to test the ability of Dividend Policy as an intervening variable that the relationship between Size Firm and DER to the value of the company. This paper using a quantitative approach. The population used is a manufacturing company listed in BEI-taking techniques, sampling using purposive sampling. Through this research is finding the relationship between Size, DER, and DPR to PBV significant and positive, but the relationship between DER to PBV not Significant. Based on statistical analysis using the Sobbel Test is obtained that the dividend policy is not significant to be variable Intervening in this research.

Volume 12 | Issue 2

Pages: 3408-3413

DOI: 10.5373/JARDCS/V12I2/S20201462