Hubungan Kebijakan Dividen dan Nilai Perusahaan pada Tahap Mature dan Growth

This paper outline and test the relationship of the dividend policy and the value of the company\u27s manufacturing companies listed on the Indonesia stock exchange at the mature stage and growth. The sample use is divided into several categories. The first model predicts the whole company that pays a dividend a number of 54 companies that pay dividends in the period 2010-2014, and subsequently the company was divided based on two-stage company growth rate that is mature and growth. This study use a purposive sampling method that analyzed by a panel data regression test. The results show there is a significant positive relationship demonstrating dividend policy and corporate values that are at the stage of mature and there is no relationship between dividend policy and the value of the company on the growth stage of manufacturing companies in Indonesia