PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA
Keywords:corporate value, investment, funding dividend
AbstractThis study aimed to examine the effect of investment decisions, financing decisions and dividend policy on firm value in the LQ-45 firm listed on the Indonesia Stock Exchange. Population as well as the sample in this study is the LQ-45 firm listed on the Indonesia Stock Exchange 2007-2011 period which has complete financial statements are expressed in dollars and pay dividends continuously over the study period, which amountedÂ to 9 companies. The dependent variable used is the value of the company (PBV) while the independent variable is investment (PER), funding (DER) and dividend policy (DPR). In this study using a multiple linier regression and classical assumption. Assessment of the effect of independent variables on the dependent variable was partially or simulataneously, and analysis tools in this study using eviews. Partial results of the study showed that investment decisions have a significant effect on firm value, funding decisions have no significant effect on firm value and dividend policy has no significant effect on firm value.
Authors who publish with this journal agree to the following terms:Â
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under aÂ Creative Commons Attribution LicenseÂ that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (SeeÂ The Effect of Open Access).