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

Abstract

This research is aimed to test the investment decision, dividend policy, leverage and profitability to the
firm value. The population is all consumer goods companies which are listed in Indonesia Stock Exchange in
2012-2015 periods. Based on the criteria of purposive sampling, 16 companies with the amount of observation is
64 observation have been selected as samples. This research has been carried out by using multiple linear
regressions with software of SPSS 23 (Statistical Product and Service Solutions). The result of determination
coefficient is 90.7% which means that the firm value can be explained by four independent variables and 9.3% of
firm value can be explained by other variables which are not included in this research. The result of this research
shows that (1) investment decision gives positive influence to the firm value. (2) Dividend policy gives positive
influence to the firm value. (3) Leverage gives positive influence to the firm value. (4) Profitability gives positive
influence to the firm value.
Keywords: investment decision, dividend policy, leverage, profitability, firm value.