scholarly journals THE EFFECT OF DIVERSITY OF THE NATIONALITY, BOARD OF DIRECTOR, INVESTMENT DECISION, FINANCING DECISION, AND DIVIDEND POLICY TO COMPANY VALUES

2018 ◽  
Vol 65 (09) ◽  
pp. 82-91 ◽  
Author(s):  
Diah Ekaningtias ◽  
Keyword(s):  
Dividend Policy ◽  
Investment Decision ◽  
Financing Decision ◽  
Board Of Director

scholarly journals The Effect of Investment Decision, Financing Decision, Dividend Policy on Firm Value

2021 ◽  
pp. 1-12
Author(s):  
Ginanjar Agung ◽  
Sri Hasnawati ◽  
R.A. Fiska Huzaimah
Keyword(s):  
Financial Distress ◽  
Firm Value ◽  
Dividend Policy ◽  
Investment Decision ◽  
Signaling Theory ◽  
Test Model ◽  
Trade Off ◽  
Financing Decision ◽  
Purposive Sampling ◽  
Tax Shields

This study aims to determine the influence of investment decision, financing decision, dividend policy on firm value. Using purposive sampling method, 22 firms in the food and beverage industry listed in Indonesia Stock Exchange for the period 2016-2018 were selected as samples. Data were analyzed using multiple linear regression. It is concluded that Investment Decision (PER) has a positive and significant effect on firm value, supports the Signaling Theory which explains the relationship between investment decision and firm value. Financing Decision (DER) has no effect on firm value, according to Trade Off Theory which explains that at a certain level of debt, tax savings (tax shields) from additional debt will be equal to the cost of financial distress. Dividend Policy (DPR) has a positive and significant effect on firm value, supported by the Signaling Theory which states that good quality firms will deliberately give signals to the market. The results of the suitability test model show that simultaneously investment decision (PER), financing decision (DER) and dividend policy (DPR) influence firm value. Keywords: Firm value, investment decision, financing decision, dividend policy ABSTRAK Penelitian ini bertujuan untuk mengetahui pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan. Dengan menggunakan metode purposive sampling, 22 perusahaan di industri makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2016-2018 dipilih sebagai sampel. Analisis data menggunakan regresi linier berganda. Disimpulkan bahwa Keputusan Investasi (PER) berpengaruh positif dan signifikan terhadap nilai perusahaan, mendukung teori Signaling yang menjelaskan hubungan keputusan investasi dengan nilai perusahaan. Keputusan Pembiayaan (DER) tidak berpengaruh terhadap nilai perusahaan, menurut Trade Off Theory yang menjelaskan bahwa pada tingkat hutang tertentu, penghematan pajak (tax shields) dari tambahan hutang akan sama dengan biaya financial distress. Kebijakan Dividen (DPR) berpengaruh positif dan signifikan terhadap nilai perusahaan, didukung oleh Signaling Theory yang menyatakan bahwa kualitas perusahaan yang baik akan dengan sengaja memberikan sinyal kepada pasar. Hasil uji kesesuaian model menunjukkan bahwa secara simultan keputusan investasi (PER), keputusan pendanaan (DER) dan kebijakan dividen (DPR) berpengaruh terhadap nilai perusahaan. Kata kunci: nilai perusahaan, keputusan investasi, keputusan pendanaan, kebijakan dividen

Pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan yang terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Dina Patrisia ◽  
Muthia Roza Linda ◽  
Ursa Yulianti
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Secondary Data ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Positive Direction ◽  
Company Value

This study aims to analyze the effect of investment decisions, funding decisions, and dividend policy on the value of the company. This research is classified as causative research. The populations in this study are all Manufacturing companies listed on the Stock Exchange in 2012-2016. The sampling technique in this study is using purposive sampling technique with a total sample of 213 samples. The data used is secondary data. The data analysis method used is multiple regression. The results showed that investment decision variables affect the value of the company in a positive direction, funding decisions affect the value of the company in a negative direction, and dividend policy affects the value of the company with a positive direction on Manufacturing companies listed on the IDX. With this research, it is expected that researchers who can further conduct research related to factors that influence the value of the company whose impact is higher than what researchers have met. By using different proxy and data processing methods to produce more accurate data processingKeywords: Investment decisions; funding decisions; dividend policy; company value

scholarly journals THE MEDIATION INFLUENCE OF VALUE RELEVANCE OF ACCOUNTING INFORMATION, INVESTMENT DECISION AND DIVIDEND POLICY ON THE RELATIONSHIP BETWEEN PROFITABILITY AND THE COMPANY’S VALUE

2017 ◽  
Vol 21 (2) ◽  
pp. 170 ◽  
Author(s):  
Harnovinsah Harnovinsah ◽  
Sustari Alamsyah
Keyword(s):  
Dividend Policy ◽  
Value Relevance ◽  
Investment Decision ◽  
Accounting Information ◽  
Sampling Technique ◽  
Negative Influence ◽  
Positive Influence ◽  
Analysis Technique ◽  
Investment Opportunities ◽  
The Relationship

This study aimed to analyze the influence of profitability on the company's value, and determine whether this influence intervenes the value relevance of accounting information, investment opportunities and dividend policy, assuming that investors act rationally so that the fundamental aspects of the financial statements become major factor in the shares investment decision. The contribution of this research is to provide input to the management about the importance of maintaining and improving performance in order to give satisfaction to investors and provide expectations for the return on investment which can ultimately increase the company’s value. This study design is causality with the unit of analysis is the samples taken by purposive sampling technique on a population of listed companies on the IDX Kompas 100 index from 2011 - 2014. The analysis technique used is Path Analysis. The results from this study are: 1. Profitability has significant and positive influence on the company’s value; 2. Profitability has no significant and positive influence on the value relevance of accounting information; 3. Profitability has negative and significant influence on investment opportunities; 4. Profitability has significant and positive influence on the dividend policy; 5. The value relevance of accounting information has significant and negative influence on the company’s value; 6. The investment opportunities have no significant and positive influence on company’s value; 7. Dividend policy has no significant and positive influence on company’s value; 8. The value relevance of accounting information, investment opportunities and dividend policy have not been able to mediate the influence of profitability on company’s value.

KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN MANUFAKTUR

2014 ◽  
Vol 10 (1) ◽  
pp. 47
Author(s):  
Astuti Yuli Setyani ◽  
Ambar Kusuma Astuti
Keyword(s):  
Regression Analysis ◽  
Capital Market ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Investment Decision ◽  
Investment Decisions ◽  
Financial Statement ◽  
Financing Decisions ◽  
Decision Variables

The purpose of this study was toexamine the effect of investment decisions, financing decisions and dividend policy on firm value. The sample in this study is a manufacturing company established on criteria. Data were obtained from the Indonesian Capital Market Directory (ICMB) and the manufacturing company's financial statement since the period 2008-2011. Based on purposive sampling method, samples obtained by 158 observations. Regression analysis done based on the results of the data analysis. The hypothesis in this study were tested using multiple regression analysis. This study concludes some of the following: (1) variable dividend policy was not shown to affect the value of the company, (2) variable funding decisions variable shown to affect tthe value of the company,(3) investment decision variables was not shown to affect tthe value of the company. Keywords: investment decisions, financingdecisions, dividend policy, the value ofthe company

scholarly journals KINERJA PASAR DITINJAU DARI ASPEK KEPEMILIKAN MANAJERIAL KEPUTUSAN INVESTASI DAN KEBIJAKAN DIVIDEN

JURNAL PUNDI ◽  
2017 ◽  
Vol 1 (1) ◽  
Author(s):  
Fitri Yeni ◽  
Riri Mayliza
Keyword(s):  
Panel Data ◽  
Financial Performance ◽  
Dividend Policy ◽  
Regression Coefficient ◽  
Stock Exchange ◽  
Investment Decision ◽  
Market Performance ◽  
Investment Decisions ◽  
Managerial Ownership ◽  
Manufacturing Companies

Performance of the company can be seen from two parts, namely financial performance and market performance. The Market Performent This study is  to examine  the effect of managerial ownership, investment decisions, and dividend policy to  market performance. Samples in this study are  manufacturing companies listed  on Indonesia Stock Exchange that provide dividends from  2013 until 2015. Samples were taken by using the technique of puposive sampling, the data were analyzed by using Panel Data Regresion method. The results showed that managerial ownership (KP) has a regression coefficient value of 0.173 and t count of 0.594 with probability  value 0.555> 0 So concluded managerial ownership has no significant effect to market performance , The results show that investment decision (PER) Has a regression coefficient value of 0,214 dan thitung 2,931 With probability value of 0,005 <0,05 , Dividend Policy (DPR) regression coefficient value of -0,187 and  thitung -3,422 With probability value of 0,001 <0,05 The results show that investment decision has positive and significant effect to market performance and dividend policy has negative and significant effect to market performance. Keywords: Managerial Ownership, Investment Decision, Dividend Policy, Market Performance 

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