PENGARUH FREE CASH FLOW, OPERATING CASH FLOW DAN DIVIDEND PAYOUT RATIO TERHADAP NILAI PERUSAHAAN

Abstract

Information from management is highly needed by the investor for decision making. The research aims to find out the significant effect of free cash flow, operating cash flow, and dividend payout ratio on the firm value shown from the stock return. This research is a quantitative research using multiple linear regression to test the hypothesis. Samples used in this research are 159 manufacturing companies registered in Bursa Efek Indonesia (Indonesia Stock Exchange) in 2013, 2014, and 2015 that published its financial statement and paid dividend in the period of the year. The result shows that the value of Sig.X1 = 0.243, Sig. X2 = 0.135 and Sig.X3 = 0.029 with Level of Significance = 0.05, which means that there is no significant effect between free cash flow and operating cash flow on the fom value, and there is significant effect of dividend payout ratio on the firm value.