PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DIVIDEN TERHADAP RETURN SAHAM PADA PERUSAHAAN INVESTASI

Abstract

The main goal of the company is to maximize the welfare of the company owners by increasing the company
value. The value of companies that have gone public in the capital market is reflected in the company's stock
price. This research aims to determine the influence of Investment Decisions, Funding Decisions, and Dividend
Policy on stock returns in Investment Companies.The population in this research as many as 10 Investment
Companies which is listed in Indonesia Stock Exchange in 2012-2016 period. The sample obtained using
purposive sampling method, as many as 8 companies by selecting the sample based on the certain criteria. This
research data is obtained from secondary data in the form of financial report and financial performance report at
Indonesian Stock Exchange (idx) website. The data analysis technique used is multiple linear regression with
using SPSS 20(Statistical Product and Service Solution).The results of this research indicates that investment
decision variable (TAG) has a significant positive influence on stock return, Decision Funding (DER) has no
significant positive influence on stock return and Dividend Policy (DPR) has no significant negative influence
on stock return.
Keywords: investment decision, funding decision, and dividend policy.