PENGARUH KINERJA KEUANGAN DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN DENGAN KEPEMILIKAN MANAJERIAL SEBAGAI VARIABEL MODERASI

Abstract

This research aimed to examine the effect of financial performance (ROA) and investment decision (PER) on firm
value (PBV) with managerial ownership as moderating variable within annual report and summary of firm
performance through official website of Indonesia Stock Exchange. The population was industry variation and
good consumption of manufacturing companies which were listed on Indonesia Stock Exchange during 2015-
2018. Moreover, the data collection technique used purposive sampling, in which the sample was based on 4 criteria
given. In line with, there were 16 companies as sample with 64 data. Furthermore, the research was quantitative
correlational. Additionally, the data analysis techniqu used multiple linear regression with SPSS. The research
result concluded financial performance had positive effect on firm value. Likewise, investment decision had positive
effect on firm value. In addition, managerial ownership could not moderate the effect of financial performance on
firm value. Similarly, it could not moderate the effect of investment decision on firm value.
Keywords: KK, KI, NP, KM