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

Abstract

Optimizing firm value can be achieved by using management function, in this case the manager should be
able to increase the welfare of shareholders which is the company objectives. The firm value is an investor
perception to the company which is often associated with stock price. This research is aimed to find out the
influence of investment decision, financing decision, dividend policy and interest rates to the firm value. The
population in this research is 142 companies which are listed in Indonesia Stock Exchange (IDX) in 2010-2015
periods. This research has been done by using purposive sampling technique, and 30 companies have been
selected as samples. The data has been obtained from the Indonesia Stock Exchange (IDX). This research has
been carried out by using multiple linear regressions analysis and the SPSS (Statistical Product and Service
Solutions) software. The result of the research shows that investment decision gives positive influence to the firm
value, the funding decision gives positive influence to the firm value, dividend policy give positive influence to
the firm value and the interest rate does not give any influence to the firm value.
Keywords: investment decision, financing decision, dividend policy, interest rates, firm value.