This item is published by Universitas Islam Negeri Sunan Ampel Surabaya
Subqi, Tajus (2022) Pengaruh ownership structure, capital structure, profitability, corporate growth, corporate governance, earning management dan market risk terhadap corporate value melalui kebijakan dividen dan keputusan investasi di pasar modal syariah Indonesia. PhD thesis, UIN Sunan Ampel Surabaya.
![[img]](https://digilib.uinsa.ac.id/style/images/fileicons/text.png) |
Text
Tajus-Subqi_F53319042 ok.pdf Download (7MB) |
Abstract
The inconsistency of theory about the direct effect and the rarity of research related to the relationship between ownership structure (OS), capital structure (CS), profitability (P), corporate growth (CG), corporate governance (CGo), earning management (EM) and market risk (MR) variables on corporate value (CV) variables mediated by dividend policy (DP) variables and investment decisions (ID) in the Indonesian Islamic Capital Market, has motivated researchers to conduct a study. This study aims to examine the effect of OS, CS, P, CG, CGo, EM, and MR on CV through DP and ID. This study is a quantitative study with an explanatory approach using secondary data from the Annual Report, Factbook IDX and ICMD. The analysis technique is 1) descriptive statistics with regression method using SPSS software version 25 and 2) partial least square - structural equation model (PLS-SEM) using SmartPLS 3.3.9 software. The object of this research is the issuers of the Indonesian Sharia Stock Index (ISSI) which are listed on the Indonesia Stock Exchange. The research population was 369 Islamic issuers with a sample of 71 samples, according to the purposive sampling method for the 2015 – 2020 period. The results of the mediation effect test found that: 1) dividend policy and investment decisions do not play an important role in determining changes in corporate value caused by changes in ownership structure 2) high corporate value caused by high ownership structure is largely determined by dividend policy and investment decisions 3) dividend policy and investment decisions play an important role in determine the low corporate value caused by high profitability 4) high corporate value caused by high corporate growth is an important role of dividend policy. While investment decisions do not play an important role in determining changes in corporate value caused by changes in corporate growth 5) low corporate value caused by high corporate governance is an important role in dividend policy and investment decisions 6) dividend policy and investment decisions do not play an important role in determining corporate changes value caused by changes in earning management 7) dividend policy and investment decisions do not play an important role in determining changes in corporate value caused by changes in market risk. The results of the direct effect test in accordance with the formulation of the problem in this study are 1) high dividend policy plays a very important role in increasing corporate value 2) high investment decisions play an important role in increasing corporate value.
Statistic
Downloads from over the past year. Other digital versions may also be available to download e.g. from the publisher's website.
| Item Type: | Thesis (PhD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Creators: |
|
||||||||||||
| Contributors: |
|
||||||||||||
| Subjects: | Ekonomi Islam | ||||||||||||
| Keywords: | Ownership structure; capital structure; profitability; corporate growth; corporate governance; earning management; market risk; corporate value; dividend policy; investment decisions | ||||||||||||
| Divisions: | Program Doktor > Ekonomi Syariah | ||||||||||||
| Depositing User: | Dr Tajus Subqi | ||||||||||||
| Date Deposited: | 27 Dec 2022 08:40 | ||||||||||||
| Last Modified: | 27 Dec 2022 08:40 | ||||||||||||
| URI: | http://digilib.uinsa.ac.id/id/eprint/58644 |
Actions (login required)
 |
View Item |
