Pengaruh Kebijakan Dividen, Kebijakan Hutang dan Profitabilitas Terhadap Nilai Perusahaan Bank Persero Periode 2012-2015

Abstract

For investing at the capital market, beginner investor needs to do a company analysis to know the expected return of their investment.. This analysis can be done fundamentally, technically, and economically. The capital market offers many sectors to ease the investors for making investment desicion. One of the sectors is banking sector, which is the most important sector for all countries, because it has a lot of source of fund from the community and used for business expansion through credit or loan scheme. This research attempts to analyze the influence of dividend payout ratio, debt to equity ratio, and return on equity to price book value of state bank within the period year 2012 – 2015. This research is using multiple linear regression using pool data. Pool data is the combination of time series data and cross section data. The result of this research shows that partially only return on equity significantly influence to price book value. But, simultaneously return on equity, dividend payout ratio, and debt to equity ratio significantly influence to price book value. This research shows the importance of making a fundamental analysis which include debt analysis, dividend analysis, and profitability analysis before investing at the capital market.