scholarly journals PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN

2020 ◽  
Vol 14 (1) ◽  
Author(s):  
Tania Ivanna A. Tanto ◽  
Aaron M. A. Simanjuntak ◽  
Bill J.C Pangayow

The value of the company is very important because the high value of the company will be followed by the high prosperity of shareholders. The higher the stock price, the higher the value of the company, in order to achieve company value, investors generally give their management to professionals. Optimizing company value can be achieved through the implementation of financial management functions, where one financial decision taken will influence other financial decisions and have an impact on the value of the company. This study aims to determine the effect of investment decisions, funding decision taken will influence other financial decision and have an impact on the value of the company. This study aims to determine the effect of investment decisions, funding decisions and dividend policies on firm value. The population in this study are all companies listed on the Indonesia Stock Exchange for the period 2014-2016 while sample selection using purposive sampling technique obtained 89 companies that will be used as samples in this study. The hypothesis testing uses multiple regression analysis. The results of the study partially show that investment decision affect the value of the company, funding decisions do not affect the value of the company and dividend policy does not affect the value of the company. While the simultaneous research resultshows that investment decisions, funding decisions and dividend policies have a significant effect on firm value

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Ivan Somantri ◽  
Hadi Ahmad Sukardi

This study aims to determine how to influence simultaneously and partially investment decisions, debt policy and dividend policy on firm value in mining sector companies listed on the Indonesia Stock Exchange for the period 2013-2017. The research method used in this study is descriptive and associative methods. The population in this study were mining sector companies listed on the Indonesia Stock Exchange in the period 2013-2017, which amounted to 43 companies. The sampling technique used in this study is non probability sampling with purposive sampling method, so that the number of samples obtained is 8 companies. While the data analysis used in this study is panel data regression analysis with the fixed effect method. The results of the study show that partially investment decisions and debt policies have a positive effect on firm value. While dividend policy has a negative effect on firm value. In addition, the results of the study simultaneously show that investment decisions, debt policies and dividend policies affect the value of the company. The amount of investment decisions, debt policy and dividend policy in contributing influence to earnings management is 34.14%.


2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Dina Patrisia ◽  
Muthia Roza Linda ◽  
Ursa Yulianti

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


Author(s):  
Giovanni Edward Margali ◽  
Marjam M. Mangantar ◽  
Ivonne S. Saerang

LQ 45 is one of the indices on the Indonesia Stock Exchange (IDX), where indexes are obtained by calculating with valuations such as liquidity, in the sense. There are compelling reasons to think that market liquidity will affect company performance. Because of the level of selling power of these shares, it plays a central role in corporate governance, approval and performance. This research itself wants to see the effect of direct liquidity on firm value and the indirect effect of liquidity on firm value by moderating financial management decisions regarding investment decisions, dividend policies and purchasing decisions.In this study,the researchers found that stock liquidity directly affected the value of the company, and stock liquidity did not affect financial management decisions (investment decisions, dividend policies and funding decisions) which would later have an indirect effect on firm value.Keywords : stock liquidity, investment decisions, dividend policy, funding decisions, company value.


2019 ◽  
Vol 1 (1) ◽  
pp. 76-89
Author(s):  
Rossabela Dwita ◽  
Kurniawan Kurniawan

The purpose of this research was to determine the effect of Capital Structure measured using debt to assets ratio (DAR), firm size measured using total assets and investment decisions measured using price earnings ratio (PER) to firm value measured using price book value (PBV). in financial sector companies listed on the Indonesia Stock Exchange (IDX) period 2013-2016.The type of research was causal research. The population in this research is financial sector companies listed on the Indonesia Stock Exchange (IDX) period 2013-2016.. Sampling technique that used in this study was purposive sampling technique. Of the population of 95 financial sector companies obtained Sample amounted to 49 companies of the financial sector listed on the Indonesia Stock Exchange in 2013-2016, so that the data analyzed research amounted to 196 observations. Data analysis techniques use multiple linear regression.Based on the results of this study indicate that the Capital Structure has a negative and significant effect on the Company Value with t value of -3.128 and the significance value smaller than 0.05 is 0.002. The size of the company has a positive effect on the value of the company with a value of t arithmetic of 3.524 and the value of significance smaller than 0.05 is 0.001. Investment Decision has a positive effect on the company's value with t value of 5.914 and significance value smaller than 0.05 ie 0.000.


2017 ◽  
Vol 1 (2) ◽  
pp. 178-191
Author(s):  
Sukma Irdiana

The purpose of this study was conducted to determine the significant effect between profitability, investment decisions, funding decisions and dividend policy on corporate value. And to know the effect simultaneously between profitability, investment decisions, funding decisions, and dividend policy on corporate value. research approach used in this research is quantitative approach. The population in this study are all companies that are members of the BLUE CHIPS stock group listed on the Indonesia Stock Exchange from 2010-2015. Sample selection method used is purposive sampling and analysis model used is multiple linier regression analysis. The results show that partially Profitability (ROA), Investment Decision (PER), and Decision Funding (DER) that does not affect the value of the company. While the dividend policy (DPR) affects the value of the company. Simultaneously, the result of the research shows that there is a significant influence between Profitability (ROA), Investment Decision (PER), Fund Decision (DER), and Dividend Policy (DPR) to Company Value (PBV). While the R Square value of 0389 or 38.9% indicates that the contribution of the influence of profitability (ROA), Investment Decision (PER), Funding Decision (DER), and Dividend Policy (DPR) to Company Value (PBV) of 38.9% and the balance of 61.1% influenced by other variables not included in this study.


2022 ◽  
Vol 4 (3) ◽  
pp. 437-446
Author(s):  
Arum Ludianingsih ◽  
Gendro Wiyono ◽  
Ratih Kusumawardhani

Companies need funds to finance their operational activities, therefore a company must be able to attract investors to be interested in investing their capital. The high and low value of the company can be an attraction for investors. In addition to reflecting current conditions, company value can also describe the company's prospects in the future. Because it is important to do a research on what factors can have an influence on the value of the company. This study aims to analyze the effect of profitability, liquidity, firm size and investment decisions on firm value. The study was conducted on banks listed on the Indonesia Stock Exchange in 2018-2020, the sampling method used a purposive sampling technique. The analytical technique used is multiple linear regression analysis with the help of the SPSS program. The results of this study indicate that the variables of profitability, liquidity and investment decisions have a positive and significant effect on firm value. While the firm size variable has a negative and insignificant effect on firm value. Keywords: firm value, profitability, liquidity, firm size, investment decisions


2021 ◽  
Vol 5 (2) ◽  
pp. 68
Author(s):  
Heri Ispriyahadi ◽  
Grace Aprilia Uli Putri

<p>This paper examined the impact of leverage, investment decision, dividend policy and profitability on the firm value of the automotive sector companies from 2010 - 2016. There are 12 firms chosen using a purposive sampling technique implementing specific criteria. Those firms are publicly listed on the Indonesia Stock Exchange. Panel data regression (Pooled OLS, Fixed Effects, and Random Effects) is used in this research. The results have shown that leverage, dividend policy and profitability, have a positive and significant impact on firms' value. A rise in these factors will lead to an increasing stock price, whereas even though has  has a positive impact, but investment decision not a substantial effect on company value.</p>


Author(s):  
Otes Suriana ◽  
Fraternesi Fraternesi ◽  
Erwin Febriansyah

Company value is the price that prospective buyers are willing to pay if the company is sold. Company value is defined as market value. Because the value of the company can provide maximum prosperity for shareholders if the company's stock price increases. The higher the stock price, the higher the shareholder prosperity. This study aims to find out how much influence solvency, profitability, and liquidity have on firm value. The data used in this study are secondary data obtained from the financial statements of manufacturing companies listed on the Stock Exchange in the 2016-2018 period. The sampling technique used was purposive sampling. The number of companies sampled in this study were 35 companies so that the total sample of the study was 105 observations. The data analysis method used is multiple linear regression analysis. The results of this study are still many variables outside the study that can explain the value of the company. The coefficient of determination is 0.495, which means 49.5% of the company's value is influenced by these variables, while the rest is explained by other variables. Based on the results it can be concluded that solvency, profitability, and liquidity have a significant effect on firm valueKeywords: Solvency, Profitability, Liquidity, and Firm Value 


2021 ◽  
Vol 7 (2) ◽  
pp. 69-88
Author(s):  
Chalimatuz Sa’diyah

The purpose of this study is to determine the effect of profitability, capital structure, and investment decisions on firm value in the property, real estate and building construction sectors listed on the Indonesia Stock Exchange for the 2015-2019 period. The population in this study were 83 companies. The sampling technique in this study was purposive sampling and produced a sample of 30 companies. The data analysis technique in this study uses multiple linear regression, while the analysis tool used is SPSS 25. This research hypothesis states that profitability has a positive and significant effect on firm value, capital structure has a positive and significant effect on firm value, investment decisions have a positive and significant effect. to company value.


2020 ◽  
Vol 18 (3) ◽  
pp. 423
Author(s):  
Aprih Santoso

The objectives of this study are: analyze and empirically test the effect of investment decisions on the profitability of going public insurance companies listed on the Indonesia Stock Exchange in 2013-2018; analyze and empirically test the effect of investment decisions on the value of go public insurance companies listed on the Indonesia Stock Exchange in 2013-2018 and analyze and test empirically the effect of profitability on the value of go public insurance companies listed on the Indonesia Stock Exchange in 2013-2018. The type of data used is secondary data in the form of annual financial statements of listed companies listed on the Indonesia Stock Exchange. The population of this research is publicly listed insurance companies listed on the Indonesia Stock Exchange in 2013-2018. The sampling technique was carried out using purposive sampling, the sample of which went public insurance companies listed on the Indonesia Stock Exchange in 2013-2018 totaling 60 issuers. Data analysis techniques used are descriptive statistical tests, classic assumption tests, multiple linear regression tests, mediation variable tests and model feasibility tests. Based on the results of research testing concluded that: (1) Investment decisions have a negative and significant effect on profitability. (2) Investment decisions have a positive and significant effect on company value. (3) Profitability has a positive and significant effect on firm value. (4) Profitability cannot mediate between investment decisions and firm value. Variation of investment and profitability decision variables used in this model is able to explain variations in the variable value of companies going public insurance listed on the Indonesia Stock Exchange 2013-2018 64%, while the rest is influenced or explained by other variables not included in this research model.


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