PENGARUH KEPUTUSAN INVESTASI, PENDANAAN, KINERJA KEUANGAN, DAN STRUKTUR KEPEMILIKAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the effect of investment decision, funding decision, financial performance, and ownership structural on firm value. While, the investment decision variable was measured by Price Earnings Ratio (PER), funding decision variable was measured by Debt to Equity Ratio (DER), financial performance variable was measured by Return on Equity (ROE), ownership structural variable was measured by institutional ownership, and firm value as the dependent variable was measured by Price to Book Value (PBV). The research was quantitative. Moreover, the population was banking companies which listed on Indonesia Stock Exchange during 2015-2018. Furthermore, the data collection technique used purposive sampling. Additionally, there were 28 companies as sample with 112 observations of financial statement. In addition, the data analysis technique used multiple regression analysis with SPSS (Statistical Product and Service Solution) 23. The research result concluded Price Earnings Ratio (PER) had positive effect on firm value. Likewise, Return on Equity (ROE) had positive effect on firm value. On-the other hand, Debt to Equity Ratio (DER) did not affect firm value. Similarly, institutional ownership (INST) did not affect firm value.
Keywords: investment decision, funding decision, financial performance, ownership structural