PENGARUH KINERJA KEUANGAN, UKURAN PERUSAHAAN DAN KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN

Abstract

This research is meant to test the influence of financial performance, firm size, and investment decision to the
firm value. This research has been carried out on 21 samples manufacturing companies which are listed in
Indonesia Stock Exchange in 2010-2015 periods. The analysis has been conducted by using multiple linear
regressions analysis, F test, and t test.Based on the result of this research, it has been found that financial
performance has significant and positive influence to the firm value. The existence of significant influence is
caused by the financial performance shows good prospect, so these stocks will be attractive to the investors
therefore the firm value will increase. Firm size does not have any significant influence to the firm value because
firm size is in line with its business risk, when the firm size is getting large; the business risk is getting large as
well. The investment decision has significant and positive influence to the firm value because high PER will give
a description that the company is health and has a well growth, so that the firm value will increase in front of the
investors.Investors and potential investors are suggested to pay attention to financial statement as the
consideration in making correct and profitable investment decision.
Keywords : Financial performance, firm size, investment decision, firm value.