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

Abstract

This research aims to examine the influence of investment decisions, funding decisions, dividend policies, and company growth on company value. The population in this research is a manufacturing company which is listed in the Indonesia Stock Exchange (IDX) during the 2012-2016 peiod. The sample of this research was taken by using purposive sampling there are with 3 criteria that have been determined then obtained a sample of 93 manufacturing companies with a total of 465 firms years. The analysis method that been used is multiple linear regression analysis with using SPSS 20 program. The results of this research indicates that investment decision variables proxied with the market book to value equity have a positive and significant influence on the company value. The variables of financing decision projected by debst to equity ratio have a negative and significant influence on the company value. The dividend payout ratio variable of dividend payout ratio has positive and insignificant influence on the company value. The growth variable of the company which proxied with total assets growth have positive and insignificant influence to the company value.
Keywords: Investment decisions, funding decisions, dividend policies, company growth, company value