Relevansi Informasi Dividen, Laba dan Arus Kas pada Penilaian Perusahaan yang Bertumbuh dan Perusahaan yang tidak Bertumbuh : Pendekatan Exploratory Factor Analysis

Hikmah, Khoirul and Satoto, Shinta Heru (2012) Relevansi Informasi Dividen, Laba dan Arus Kas pada Penilaian Perusahaan yang Bertumbuh dan Perusahaan yang tidak Bertumbuh : Pendekatan Exploratory Factor Analysis. In: PROCEEDING BUSINESS CONFERENCE BISNIS DAN ISU-ISU GLOBAL, 6 Desember 2012, Yogyakarta.

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Abstract

The purposes of this study were to provide an empirical evidence of valuation model relevancy using investment Opportunity Set (I0S). This research used 68 firms that list on Indonesian Capital Market on 2008 untul 2010 periods and grouping on firms that have high growth opportunitirs (high IOS) and firms that have low growth opportunities (high IOS). The valuation model were measure by dividend information, retained earning, and free cash flow. The empirical result showed that retained earnin and dividend significantly influenced stock price, but free cash flow has no significantly influence on stock price. It also proved that investor used dividend yoeld and discounted cash flow model as the relevan valuation model on firm that have high growth opportunity. it could be because in Indonesian firms, the growth of the firms are not cinsrtant and the analysis of P/E ratio is not proper to use.

Item Type:	Conference or Workshop Item (Paper)
Uncontrolled Keywords:	Investment Opportunity Cost, dividend, retained earning, free cash flow, makalah, Seminar Nasional, BC2012
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Dr. SE MSi KHOIRUL HIKMAH
Date Deposited:	28 Apr 2023 02:14
Last Modified:	28 Apr 2023 02:15
URI:	http://eprints.upnyk.ac.id/id/eprint/34638

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