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PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN
The primary objective of establishing a company is to gain maximum profits and to increase the prosperity of the shareholders which can be realized by maximizing the firm value. This research is aimed to examine the influence of investment decisions, funding decisions, and dividend policy to the firm value. The population in this research is 18 food and beverages companies which are listed in Indonesia Stock Exchange (IDX) in 2012-2015 periods. The sample collection technique has been carried out by using purposive sampling, so that 10 companies which meet the criteria have been selected as the research samples. The statistical method has been performed by using multiple linear regressions analysis and the 23rd version SPSS, with the independent variables i.e.: investment decision (PER), funding decision (DER), dividend policy (DPR) and the dependent variable is firm value (PBV). The result of this research indicates that investment decision and funding decision give significant and positive influence to the firm value whereas dividend policy give significant and negative influence to the firm value. The R square value is 0,622 which means that all independent variables i.e.: investment decision, funding decision, and dividend policy can explain the dependent variable which is firm value is 62,2% whereas the remaining is 37,8% is explained by other variables which are not included in the regression model.
Keywords: investment decision, funding decision, dividend policy, and corporate value.
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