Research Article
Return On Assets, Dividend Payout, and Firm Value: Empirical Evidence on the Role of Managerial Ownership
@INPROCEEDINGS{10.4108/eai.13-9-2023.2341134, author={Patricia Aurora Oktribella and Agus Satrya Wibowo and Rini Oktavia}, title={Return On Assets, Dividend Payout, and Firm Value: Empirical Evidence on the Role of Managerial Ownership}, proceedings={Proceedings of the 6th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2023, 13-14 September 2023, Bandar Lampung, Indonesia}, publisher={EAI}, proceedings_a={ICEBE}, year={2023}, month={12}, keywords={return on assets dividend payout firm value managerial ownership}, doi={10.4108/eai.13-9-2023.2341134} }- Patricia Aurora Oktribella
Agus Satrya Wibowo
Rini Oktavia
Year: 2023
Return On Assets, Dividend Payout, and Firm Value: Empirical Evidence on the Role of Managerial Ownership
ICEBE
EAI
DOI: 10.4108/eai.13-9-2023.2341134
Abstract
Firm value plays a crucial role in making investment decisions. This study aims to examine the influence of return on assets and dividend payout on firm value, considering managerial ownership. This study utilizes panel data with 104 observation samples from companies listed in the IDX30 index on the Indonesia Stock Exchange from 2014 to 2021. Empirical evidence shows that return on assets has a positive and significant influence on firm value. However, dividend payout does not have an influence on firm value. Similarly, managerial ownership has been found to be unable to strengthen the relationship between return on assets and firm value, as well as dividend payout and firm value
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