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JIRA PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN, KEBIJAKAN HUTANG, KEPUTUSAN INVESTASI DAN KEPEMILIKAN INSIDER (KAJIAN EMPIRIS PERUSAHAAN DI BEI PERIODE TAHUN 2009-2012
The purpose of this research is to test the influence of profitability, dividend policy, debt policy,
investment decision, and insider ownership variables to the company’s value to the mining companies
in the period of 2009 – 2012 which are listed in Indonesia Stock Exchange.The samples are 31 annual
reports by using purposive sampling from the total of 10 mining companies which were the reports
published on the official website of Indonesia Stock Exchange (www.idx.co.id). The test is using
multiple linear regression analysis technique by using the SPSS tool (Statistical Package for Social
Sciences) version 20, the profitability variable is using return on equity (ROE) size, dividend policy
variable is using dividend payout ratio (DPR) size, debt policy variable is using debt equity ratio
(DER) size, investment decision variable is using price earning ratio (PER) size, and insider
ownership is using INSDR size. The research result shows that 2 variables have significant and
positive to the company’s value, they are the profitability and investment decision. On the other hand,
3 variables have no influence to the company’s value, they are dividend policy, debt pol icy, and insider
ownership.
Keywords: Company’s Value, Profitability, Devidend Policy, Debt Policy, and Insider Ownership.
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