PENGARUH KEPUTUSAN INVESTASI, PENDANAAN, KEBIJAKAN DIVIDEN DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

The Property and Real Estate manufacturing industry, in 2000, has increased in number. As consequence, many companies have listed or registered their company on In donesian Stock Exchange. It is due to in order to have the investors buy the shares. This research aimed to find out the effect of investment decision, funding, dividend policy and profitability on the firm value of the Property and Real Estate Companies which were listed on Indonesian Stock Exchange. The firm value reflects on company condition which has been achieved as its reflection of social trust trought the activation process for several years. While, the population was 48 companies, in which there were 12 companies as sample. Moreover, the sampling collection technique used purposive sampling. Furthermore, the data analysis technique used multiple linear regression. In addition, the independent variable were investment decision, funding decision, dividend policy, and profitability, on the other hand, the dependent variable was the firm value. The research result concluded the investment decision and profitability has affected on the firm value. While, the funding decision and dividend policy is not affect on the firm value. In brief, the company had expected to produce high value products in order to achieve the investors trust. As the result, the investors would invest their fund at the Property and Real Estate companies.
Keywords: Investment Decision, Funding, Dividend Policy, Profitability, Firm Value.