The Significance of Debt Policy as a reinforcement factor in the Effect of Managerial Ownership and Profitability Toward Company Value

Authors

  • Siti Epa Hardiyanti University Sultan Ageng Tirtayasa
  • Akhmadi University Sultan Ageng Tirtayasa

DOI:

https://doi.org/10.56548/msr.v1i2.3

Keywords:

Managerial Ownership, Profitability, Debt Policy, Company Value

Abstract

The research aims to determine whether there are effects between managerial ownership and profitability on companyvalue, by using debt policy as intervening variable. The type of research used  descriptive and associative research.The research population  was manufacturing companies listed in Indonesia Stock Exchange (IDX) period of 2011-2015 as many as 80 companies.

By using purposive sampling method, 25 companies as sample were obtained. The data used secondary data. Dataanalysis used classical assumption test, path analysis and partial test (t-test), using SPSS (Statistics Product andService Solution) 17 for windows. The results indicate that there are no effects of managerial ownership on companyvalue, there are positive and significant effects of profitability on company value, there are no effects  of  debt  policy on  company value,  there  are  positive  and  significant  effects  of managerial ownership on debt policy, there are negativebut not significant effects of profitability on debt policy, there are no effect of managerial ownership on company value with Debt Policy mediated, there are negative effects of profitability on company value with Debt Policy mediated

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Published

2022-06-30

How to Cite

Hardiyanti, S. E., & Akhmadi. (2022). The Significance of Debt Policy as a reinforcement factor in the Effect of Managerial Ownership and Profitability Toward Company Value. Management Science Research Journal, 1(2), 43–53. https://doi.org/10.56548/msr.v1i2.3

Issue

Vol. 1 No. 2 (2022): May 2022

Section

Management Science Research Journal

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