PENGARUH KEPUTUSAN KEUANGAN TERHADAP NILAI PERUSAHAAN SEMEN DI BURSA EFEK INDONESIA

Abstract

This research is meant to examine and to prove empirically some factors which influence the value of cement companies which are listed in Indonesia Stock Exchange. This research examines the influence of account receivable (DER), investment (PER), and dividend (DPR) to the firm value (PBV). The samples are 2 cement companies which are listed in Indonesia Stock Exchange and these companies have been selected by using purposive sampling. The research data is processed by using SPSS 22 software, classic assumption test, model feasibility test, multiple linear regressions analysis and hypothesis test. The result of the research shows that investment (PER) and dividend (DPR) has positive influence to the firm value (PBV) whereas the account receivable (DER) does not have any influence to the firm value (PBV). Based on the result of partial determination coefficient test, it has been obtained that the variable which has dominant influence to the firm value is investment.
Keywords: Firm Value, Account Receivable, Investment, and Dividend.