PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, DAN KEBIJAKAN DEVIDEN TERHADAP NILAI PERUSAHAAN
Abstract: Optimization of
corporate value is obtained, among others, by implementing financial management
functions, in which a financial decision affects the others, which eventually
affects the corporate value. financial management closely relates to
criticaldecisions making taken by the firm. This research aimed to analyze the
effect of investment, funding decisions and dividend policy on the manufacture
firm value listed in the Indonesia Stock Exchange.
Samples were collected from 25 manufacture firms listed in the Indonesia
Stock Exchange for the period of 2007-2010. To be included into the study
samples, the firm had to fulfill the criterion required. This research applied
an Ordinary Least Square (OLS) testto find out the effects of investment
decisions, funding decisions, and dividend policy on the corporate value.
The study resulted in a positive and significant effect of the investment
decisions and funding decisions on the corporate value. The positive effect
explained that the higher the invesment and funding decisions, the higher the
corporate value. Howover, dividendpolicy had a negative insignificant effect on
the corporate value.
Penulis: Arie Afzal, Abdul
Rohman
Kode Jurnal: jpakuntansidd120495
