PENGARUH KEPUTUSAN INVESTASI DAN KEPUTUSAN PENDANAAN TERHADAP NILAI PERUSAHAAN

Abstract

Companies are established with important objective in order to optimize their value. A good company’s value will create market confidence not only in the company’s current performance but also it prospects fo the future. This means, the higher the firm value was, the wealthier the stakeholder would be. Therefore, this research aimed to examine and analyze investment decision, funding decision and debt policy on firm value.The research was quantitative research. While, the population was 40 Property and Real Estate companies which were listed on Indonesia Stock Exchange during 2014-2018. Moreover, the data collection technique used purposive sampling technique. In line with, there were 22 Property and Real Estate companies as the sample. Furthemore, the data analysis technique used multiple liniear regression with SPSS (Statistical Product and Service Solution).The research result concluded investment decision affected firm value of Property and Real Estate companies. On the other hand, debt policy did not affect the firm value of Property and Real Estate companies.
Keywords: investment decision, funding decision, debt policy, firm value