PENGARUH STRUKTUR KEPEMILIKAN MANAJERIAL DAN ARUS KAS TERHADAP NILAI PERUSAHAAN DENGAN DIVIDEN PAYOUT SEBAGAI VARIABEL MEDIASI (STUDY PADA PERUSAHAAN LQ45)

Abstract

This study aims to determine and analyze empirically the influence of
Managerial Ownership Structure and Free Cash Flow to Corporate Value. The
Effect of Payout Dividend on Corporate Value. the influence of Dividend Payout
is able to mediate the Managerial Ownership Structure of Corporate Values. And
the influence of Dividend Payout is able to mediate Free Cash Flow against
Corporate Value. Population in this research is population in this research is
Population selected in this research is company Company LQ45 at Indonesia
Stock Exchange which exist in Bursa Efek Indonesia (BEI) as many as 27
company. Data analysis using path analysis. The results of this study indicate
Managerial Ownership Structure and Free cash flow significantly influence the
value of the company. Deviden Pay Out Ratio has significant effect to company
value. Managerial Ownership Structure effect on firm value through Deviden Pay
Out Ratio. Free cash flow has an effect on company value through Deviden Pay
Out Ratio as intervening variable.