PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN GCG SEBAGAI VARIABEL MODERATING

Abstract

This research aims to examine the influence of investment decisions, funding decisions and dividend policy on corporate value with Good Corporate Governance as a moderating variable. Population in this research is open company (go public) which entered in rating of implementation of corporate governance perception index conducted by IICG at 2012-2015 period. The sample of this research is taken by using purposive sampling method with 3 criteria which have been determined hence obtained by whole sample as much 76 firms years. The analysis method that been used is multiple regression analysis and Moderated Regression Analysis (MRA) interaction test. The results shows that investment investment decisions do not influenced the company value. Funding decisions negatively influenced the company value. Dividend policy has a positive influence on the company value. Good corporate governance has a positive influence on the company value. Good corporate governance is unable to moderate investment decisions on the company value. Good corporate governance is unable to moderate funding decisions on the company value. Good corporate governance is able to moderate the dividend policy on the company value.
Keywords: Company value, investment decisions, funding decisions, dividend policy, corporate governance
perception index