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

Abstract

This research aimed to test the effect of investment decision, funding decision and dividend policy to the company value at Consumption Sector Company that listed in Indonesia Stock Exchange (IDX) in 2014-2016 period. Thus, the sampling technique of this research were purposive sampling method. Based on the criteria, this research obtained 18 consumption sector company as the sample that was listed in Indonesia Stock Exchange (IDX) during the 2014-2016 period. Multiple regression was used as the analysis method, while t-test statistic was used to the hypothesis. The research result showed that the investment decisions had a positive effect on the company value. In other words, the investment provided a positive signal for investors for the company's growth in the future that in turn. Moreover, the funding decision had a positive effect on the company value. This meant that decisions on funding through debt had been effectively used by the company so that the addition of debt provided a positive signal to the investors about the company's ability to pay its obligations in the future. Then, the dividend policy had a positive effect on the company value. This meant that the dividend policy was a consideration for investors in investing.
Keywords: Investation decisions, funding decisions, dividend policies, company value