Analisis Faktor-Faktor Yang Mempengaruhi Penciptaan Nilai Pada Perusahaan-Perusahaan di Bursa Efek Jakarta

Authors

  • Samuel Dossugi Faculty of Universitas Atmaja Jaya Jakarta

Keywords:

Random probit model, jakarta stock exchange, dividend policy.

Abstract

This paper studies the value creation process in the Jakarta stock exchange using a sample of 33 listed companies during the period of 2001-2003. The random probit model estimation procedure is used to find out the determinants of the value creation of the selected companies. The results suggest that the probability of creating future values is positively and significantly correlated with profitability factor. The results also indicate that the value creation is affected by size, that is, the probability to create value is stronger in big firms than in small ones.

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Published

2009-11-28
Abstract 291  .
PDF downloaded 1586  .