PENGARUH KEPUTUSAN INVESTASI, STRUKTUR MODAL, DAN KEBIJAKAN KAS DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of investment decision, capital structure, and dividend cash
policy on firm value of Food and Beverages companies which were listed on Indonesia Stock
Exchange (IDX) 2016-2020. While the variables which were used referred to Price Earning Ratio
(PER), Debt to Equity (DER), Dividend Per Share (DPS), and Price to Book Value (PBV). Moreover,
the research was quantitative. Furthermore, the data collection technique used purposive sampling, in
which the sample was based on criteria given. In line with that, there were 40 samples from 8 Food
and Beverages companies which were listed on IDX 2016-2020. Additionally, the data analysis
technique used multiple linear regression. In addition, based on the research result, it concluded that,
investment decision which was referred to PER did not affect firm value. On the other hand, capital
structure which was referred to DER as well as dividend cash policy which was referred to DPS had a
positive effect on firm value.