DAMPAK INTERAKSI ANTARA KEBIJAKAN UTANG DAN KEBIJAKAN DIVIDEN DALAM MENILAI PERUSAHAAN
Program Pendidikan Profesi Akuntansi Universitas Kristen Maranatha
Jl. Prof. Drg. Suria Sumantri, MPH No. 65, Bandung, 40164.
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This research aimed to examine and know empirical evidence of the positive effect of debt policy on firm’s value with dividend policy as moderating variable. Samples used in this research were manufacturing companies listed in Indonesia Stock Exchange in 4 years observation period (2007-2010). Total samples were 13 companies. The data were collected by using purposive sampling method. The result of moderated regression analysis (MRA) showed that debt policy did not effect firm’s value with dividend policy as moderating variable. Thus, the hypothesis of the research was not empirically supported.
Keywords: debt policy, dividend policy, and firm’s value.