PENGARUH INTENSITAS PENELITIAN DAN PENGEMBANGAN DAN KEBIJAKAN KEUANGAN TERHADAP NILAI PERUSAHAAN MANUFAKTUR

Abstract

This research aimed to examine the influence of the intensity of research and development and financial policy which consists of investment decisions, debt policy and dividend policy of the value of companies which listed in the Indonesian Stock Exchange (BEI). The analysis method used is multiple linear regression analysis using SPSS (Statistical Product and Service Solution) application tool. The results showed that simultaneously, all independent variables had a significant influence on the dependent variable with a significance level of 0.000. Partially, investment decision variable proxied by PER and dividend policy proxyed by DPR have positive and significant influence to firm value. While the Research and Development intensity variables proxyed with IRD and debt policy proxied by DER have no influence on firm value. The results of this research are consistent with the signaling theory that any positive or negative information published by the firm can influenced any decision that will be taken by the investor.
Keywords: Intensity Research and Development, Investment Decision, Debt Policy, Dividend Policy, Corporate Value.