PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, RISIKO BISNIS, DAN TINGKAT SUKU BUNGA TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of investment decision which was measured
by proxy (TAG), funding decision (DER), business risks (DOL) and interest rate
(percentage) on the firm value (PBV). The research was quantitative. While, the data
collection technique used purposive sampling, in which the sample was taken based on
criteria given. In line with, there were 160 sample from 40 Property and Real Estate
companies which were listed on Indonesia Stock Exchange 2014 -2017. Moreover, the
data analysis technique used multiple linear regression with SPSS (Statistical Product and
Service Solutions) 20. The research result concluded as follow that three of four
independent variabels has no significant effect on firm value: 1) investment decision did
not affect on the firm value, 2) funding decision had positive effect on the firm value, 3)
business risks did not affect on the firm value, 4) and the interest rate did not affect on
the firm value.
Keywords :Investment Decision, Funding Decision, Businesss Risks, Interest Rate, Firm
Value