Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen, dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia

Authors

  • Siti Maisaro Ulva Institut Tekonologi dan Bisnis Widya Gama Lumajang
  • Noviansyah Rizal Institut Tekonologi dan Bisnis Widya Gama Lumajang
  • Wahyuning Murniati Institut Tekonologi dan Bisnis Widya Gama Lumajang

Keywords:

Investment Decision, Funding Decision, Dividend Policy, Profitability, and Company Value

Abstract

This study aims to analyze the effect of Investment Decisions, Funding Decisions, Dividend Policy, and Profitability to Company Value. This research was conducted on manufacturing companies listed on the Indonesia Stock Exchange in the 2016-2018 period. Data analysis techniques using multiple linear regression analysis. This study uses a purposive sampling technique to get samples according to specified criteria. The number of companies based on the criteria in this study were 22 companies. This study uses the T test and F test to test the coefficient values of variables partially and simultaneously with a significance level of 5%. In addition, the study must meet the classical assumption test that is the normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. Based on the t-test results (prsial) shows that the Investment Decision, Funding Decision, and Dividend Policy does not significantly influence the value of the company, while profitability has a significant positive effect on the value of the company. The f (simultaneous) test results indicate that Investment Decisions, Funding Decisions, Dividend Policy, and Profitability together have a significant positive effect on firm value. R square value shows an effect of 85% and the remaining 15% is influenced by other variables not included in the study. The researcher suggests that further research extend the study period so that the influence of the independent variables can be seen for a longer period of time.

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Author Biographies

Siti Maisaro Ulva, Institut Tekonologi dan Bisnis Widya Gama Lumajang

This study aims to analyze the effect of Investment Decisions, Funding Decisions, Dividend Policy, and Profitability to Company Value. This research was conducted on manufacturing companies listed on the Indonesia Stock Exchange in the 2016-2018 period. Data analysis techniques using multiple linear regression analysis. This study uses a purposive sampling technique to get samples according to specified criteria. The number of companies based on the criteria in this study were 22 companies. This study uses the T test and F test to test the coefficient values of variables partially and simultaneously with a significance level of 5%. In addition, the study must meet the classical assumption test that is the normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. Based on the t-test results (prsial) shows that the Investment Decision, Funding Decision, and Dividend Policy does not significantly influence the value of the company, while profitability has a significant positive effect on the value of the company. The f (simultaneous) test results indicate that Investment Decisions, Funding Decisions, Dividend Policy, and Profitability together have a significant positive effect on firm value. R square value shows an effect of 85% and the remaining 15% is influenced by other variables not included in the study. The researcher suggests that further research extend the study period so that the influence of the independent variables can be seen for a longer period of time.

Noviansyah Rizal, Institut Tekonologi dan Bisnis Widya Gama Lumajang

This study aims to analyze the effect of Investment Decisions, Funding Decisions, Dividend Policy, and Profitability to Company Value. This research was conducted on manufacturing companies listed on the Indonesia Stock Exchange in the 2016-2018 period. Data analysis techniques using multiple linear regression analysis. This study uses a purposive sampling technique to get samples according to specified criteria. The number of companies based on the criteria in this study were 22 companies. This study uses the T test and F test to test the coefficient values of variables partially and simultaneously with a significance level of 5%. In addition, the study must meet the classical assumption test that is the normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. Based on the t-test results (prsial) shows that the Investment Decision, Funding Decision, and Dividend Policy does not significantly influence the value of the company, while profitability has a significant positive effect on the value of the company. The f (simultaneous) test results indicate that Investment Decisions, Funding Decisions, Dividend Policy, and Profitability together have a significant positive effect on firm value. R square value shows an effect of 85% and the remaining 15% is influenced by other variables not included in the study. The researcher suggests that further research extend the study period so that the influence of the independent variables can be seen for a longer period of time.

Wahyuning Murniati, Institut Tekonologi dan Bisnis Widya Gama Lumajang

This study aims to analyze the effect of Investment Decisions, Funding Decisions, Dividend Policy, and Profitability to Company Value. This research was conducted on manufacturing companies listed on the Indonesia Stock Exchange in the 2016-2018 period. Data analysis techniques using multiple linear regression analysis. This study uses a purposive sampling technique to get samples according to specified criteria. The number of companies based on the criteria in this study were 22 companies. This study uses the T test and F test to test the coefficient values of variables partially and simultaneously with a significance level of 5%. In addition, the study must meet the classical assumption test that is the normality test, multicollinearity test, autocorrelation test, and heteroscedasticity test. Based on the t-test results (prsial) shows that the Investment Decision, Funding Decision, and Dividend Policy does not significantly influence the value of the company, while profitability has a significant positive effect on the value of the company. The f (simultaneous) test results indicate that Investment Decisions, Funding Decisions, Dividend Policy, and Profitability together have a significant positive effect on firm value. R square value shows an effect of 85% and the remaining 15% is influenced by other variables not included in the study. The researcher suggests that further research extend the study period so that the influence of the independent variables can be seen for a longer period of time.

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Published

2022-09-21

Issue

Vol. 5 No. 1 (2022): September 2022

Section

Articles

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