PENGARUH FAKTOR KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN YANG TERMASUK DALAM INDEKS LQ45 TAHUN 2017-2021

Authors : Abdillah Surya Brata; Iwan Kusmayadi; Siti Aisyah Hidayati
article cite 1 Year 2023
source: JMM UNRAM - MASTER OF MANAGEMENT JOURNAL
Abstract

This study aims to examine the influence of investment decision factors, funding decisions and dividend policies on company value in companies included in the 2017-2021 LQ45 index. The indicators used by investment decisions are Fixed Asset Ratio (FAR), funding decisions using Debt to Equity Ratio (DER) and dividend policy using Dividend Payout Ratio (DPR), while company values use Price to Book Value (PBV). This type of research is associative research with data collection methods, namely survey samples. The population in this study is 69 companies listed in the LQ45 index during 2017-2021 with a sampling method, namely purposive sampling based on the criteria set, 17 initial samples and 12 samples of testing companies were obtained. Data collection techniques use documentation techniques. While the data analysis method used is multiple linear regression analysis using the SPSS program. Based on tests and analysis, the results of the study show that investment decisions (FAR) and funding decisions (DER) have a positive but not significant effect on company value. Meanwhile, the dividend policy (DPR) has a positive and significant effect on the value of the company


Concepts :
Financial Analysis and Corporate Governance
Corporate Governance and Financial Management
Employee Performance and Leadership
article cite 1 Year 2023 source JMM UNRAM - MASTER OF MANAGEMENT JOURNAL
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