THE EFFECT OF DIVIDEND POLICY AND FINANCIAL PERFORMANCE TOWARD COMPANY VALUE OF MINING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE MODERATED BY MANAGERIAL OWNERSHIP (2015-2018)

Abstract

This study aims to prove empirically and find out the interaction of relationships between dividend policy, financial performance, and managerial ownership toward company value. This research is conducted at companies belonging to the mining sector listed in the Indonesia Stock Exchange (IDX) for the period 2015 - 2018. Purposive sampling technique is used to determine samples in accordance with the criteria set by researchers. From the determination of the sample, it obtained 10 companies as samples with 40 observational data. Data analysis technique used is Moderated Regression Analysis (MRA) using a special application from IBM SPSS version 26. Based on the research results, it is known that dividend policy and financial performance have a significant positive effect on company value. Managerial ownership does not have a significant positive effect on company value. Managerial ownership able to moderate the relationship between dividend policy and financial performance toward company value.