PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN

Abstract

This research evaluated the effect of investment decisions, funding decisions, and dividend policy on the firm value of Food and Beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2018-2021. Investment decisions were measured by Total Asset Growth (TAG), funding decisions were measured by Debt to Equity Ratio (DER), and dividend policy was measured by Dividend Payout Ratio (DPR). The research was quantitative. The population was Food and Beverage manufacturing companies listed on IDX. Moreover, the data collection technique used purposive sampling. In line with that, there were 40 samples from 10 companies. The data analysis technique used multiple linear regression with SPSS. The result concluded that: 1) investment decisions had a positive effect on the firm value of Food and Beverage manufacturing companies listed on IDX during 2018-2021; 2) funding decisions had a negative effect on the firm value of Food and Beverage manufacturing companies listed on IDX during 2018-2021; and 3) dividend policy had a positive effect on the firm value of Food and Beverage manufacturing companies listed on IDX during 2018-2021.