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PENGARUH FAKTOR FUNDAMENTAL TERHADAP NILAI PERUSAHAAN LQ 45 YANG TERDAFTAR DI BEI
This research is aimed to examine the influence of fundamental factors to the firm value. Fundamental factors in this research are funding decision, dividend policy, profitability, market capitalization value, inflation and interest rate. In this research, funding decision is examined by using debt to equity ratio (DER), dividend policy is examined using dividend payout ratio (DPR), profitability is examined using return on equity (ROE), market capitalization value has been obtained from stock price which is multiplied by outstanding share, inflation has been obtained from the CPI, the interest rate is derived from the TSB and firm value by using Tobin's Q. The samples are 21 LQ 45 companies which are listed in Indonesia Stock Exchange in 2014-2016. The samples have been selected by using saturated samples. The method of analysis has been done by using multiple regressions analysis technique. Based on the result of the analysis, it can be concluded that the funding decision does not give any influence to the firm value. Dividend policy give influence to the firm value. Profitability give influence to firm value. Market capitalization value gives influence to the firm value. Inflation does not give any influence to the firm value. The interest rates do not give any influence to the firm value.
Keywords: fundamental factors, firm value, Tobin’s Q.
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