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

Abstract

This research aimed to find out the effect of investment decision, funding decision, and dividend policy on the frim value of Property and Real Estate companies which listed on Indonesia Stock Exchange during 2016-2018. The research was quantitative. While, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 17 Property and Real Estate companies which were listed o Indonesia Stock Exchange; as sample. Meanwhile, the total of observation was 51 statement. Furthermore, the data analysis technique used multiple linear with SPSS (Statistical Product and Service Solution) 26. The research result concluded investment decisions that are proxied by Fixed Asset Ratio (FAR) show a significant influence with a positive direction on the value of the company. Funding decisions which are posited with Debt to Equity Ratio (DER) show insignificant influence with a positive direction on the value of the company. Dividend policy which is posited with Dividend Payout Ratio (DPR) shows an insignificant influence with a positive direction on company value.
Keywords: FAR, DER, DPR, PBV