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

Abstract

Manufacturing company which has high operational level needs a lot of fund. Therefore, some investors are required to fulfil the needs. To be trusted by the investors, the company must maintain its value. This research aimed to examine the effect of divident policy, investation and funding decision, also profitability on the company value at manufacturing company which stated in Indonesia Stock Exchange.The population used manufacturing company which stated in Indonesia Stock Exchange 2013-2017. The sampling collection used purposive sampling so there were 14 companies. The data analysis technique used multiple regression linier. The research result indicated that the proper test model, T-test for investation decision did not affect on the company value. On the other hand, divident policy, funding decision, and profitability had affected the company value. In conclusion, for the investors who wanted to invest their fund, they should consider the divident policy in order to find out the growth rate of the company value. Moreover, the company needed to consider the divident policy as a signal to the investors for developing company value and making the right investation decision.
Keywords: divident policy, investation decision, funding decision, profitability, company value