PENGARUH KEPUTUSAN INVESTASI, PENDANAAN, LIKUIDITAS DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of investment and funding decision, liquidity also profitability on firm value. While, investment decision was measured by Price Earnings Ratio, funding decision was measured by Debt to Equity Ratio, liquidity was measured by Current Ratio, profitability was measured by Return On Asset and firm value was measured by Price Book Value. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 140 samples from 35 Property and Real Estate companies which were listed on Indonesia Stock Exchange during 2015-2018. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solutions) version 23. The research result of this study indicate that: (1) Investment decision had positive effect on firm value. (2) Funding decision had positive effect on firm value. (3) Liquidity had negative effect on firm value. (4) Profitability had positive effect on firm value.
Keywords: investment decision, funding decision, liquidity, profitability, firm value