PENGARUH STRUKTUR KEUANGAN DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN MEDIASI: STRUKTUR MODAL

Abstract

This research is aimed to find out whether the capital structure is able to mediate the correlation between
financial structure and investment decision to the firm value in LQ45 Companies which are listed in Indonesia
Stock Exchange Indonesia. This research is a quantitative research. The population is all companies which are
listed in LQ-45 index in Indonesia Stock Exchange Indonesia in 2013-2015 periods, the sample collection
technique has been carried out by using purposive sampling so that 26 companies from various sector in LQ-45
index have been selected as samples. In this research the measurement of assets structure is used to compare fixed
assets with the total assets, the firm size has been done by using log assets, capital structure which has been done
by using DER and the firm value has been done by using PBV. Based on the result of hypothesis test, it can be
concluded that assets structure give positive influence to the firm value; firm size give negative influence to the
firm value meanwhile the investment decision does not give any influence to the firm value. Capital structure as
intervening variable does not give any influence to correlation between investment decisions to the firm
company.
Keywords: Asset structure, firm size, investment decision, capital structure firm value.