Pengaruh Profitabilitas, Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Deviden terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI)

Abstract

This research aims to determine the effect of profitability, investment decisions, funding decisions, and dividend policy on corporate value.The sample of this study is a manufacturing company listed on the Indonesia Stock Exchange (IDX) period 2013 to 2015. Data collected by documentation method. Sampling using purposive sampling method, and obtained 25 companies. Hypothesis test is done by using regression analysis method of panel data (Pooled Data).The results of this research indicate: (1) profitability has a significant effect on firm value; (2) investment decision has significant effect on firm value; (3) funding decisions have significant effect on firm value; (4) dividend policy has no significant effect on firm value. Changes occurring in the sample of sample companies were 98,02% due to changes in profitability, investment decisions, funding decisions and dividend policies; while the remaining 1,98% is determined by other variables not covered in this research.