PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, KEBIJAKAN DEVIDEN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to analyse investment decision (PER), funding decision (DER), dividend policy (DPR) and firm size (LnTA) on firm value (PBV).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 20 banking companies wich listed on Indonesia Stock Exchange (IDX) during 2014-2018 as sample. Furthermore, the data were in form of companies financial statment. Therefore, there were 100 financial statement which observed. Additionally, the data analysis technique used multiple linier regression.The research result concluded investment decision (PER) had positive effect on firm value (PBV) of banking companies. Likewise, funding decision (DER) had positive effect on firm value (PBV) of banking companies. On the other hand, dividend policy (DPR) did not affect firm value (PBV) of banking companies. Similarly, firm size (LnTA) did not affect firm value (PBV) of banking companies which listed on IDX.
Keywords : investment decision, funding decision, dividend policy, firm size, firm value