International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
Call for Papers | Fully Refereed | Open Access | Double Blind Peer Reviewed

ISSN: 2319-7064


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Research Paper | Economics | Indonesia | Volume 8 Issue 1, January 2019


Intellectual Capital Analysis and Hedging Decisions on Dividend Policies and Firm Value in Manufacturing Companies on the Indonesia Stock Exchange

Normiyati N | Cepi Pahlevi [2] | Abdul Rakhman Laba [2] | Mursalim Nohong [2]


Abstract: This study aims to analyze the influence of Intellectual capital and hedging decisions on dividend policy and firm value. The population of this study is manufacturing companies that are listed on the Indonesia Stock Exchange in 2010-2016 and the research sample is 32 companies with certain criteria. Quantitative data analysis using Structural Equation Modeling (SEM) analysis tools. The results of the analysis show that intellectual capital consisting of human capital, structural capital and capital employed has a significant effect on dividend policy and firm value. Hedging decisions affect dividend policy and do not affect the firm value. While dividend policy affects the value of the company.


Keywords: Intellectual Capital, Hedging Decisions, Dividend Policy, Firm Value


Edition: Volume 8 Issue 1, January 2019,


Pages: 972 - 978


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How to Cite this Article?

Normiyati N, Cepi Pahlevi, Abdul Rakhman Laba, Mursalim Nohong, "Intellectual Capital Analysis and Hedging Decisions on Dividend Policies and Firm Value in Manufacturing Companies on the Indonesia Stock Exchange", International Journal of Science and Research (IJSR), Volume 8 Issue 1, January 2019, pp. 972-978, https://www.ijsr.net/get_abstract.php?paper_id=ART20194262

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