Email this article .jpg){kind=logo}
_.jpg)
An Analysis of the Effects of Investment Decisions, Funding Decisions, and Dividend Policies on Firm Value
Abstract
The global economy is still experiencing instability in the capital market. Several factors cause capital market instability. One of the factors that affect the capital market is financial information. Financial information can affect stock prices and overall company value. This study aims to analyze the effect of investment decisions, funding decisions, and dividend policies on firm value. The method used uses quantitative methodology with an associative approach. The population of this study are public companies listed on the Bursa Efek Indonesia with Food and Beverages companies as samples. The sampling method used is purposive sampling method. Samples were collected from 8 Food and Beverages companies listed on the Bursa Efek Indonesia during 2017—2023. The data analysis technique uses the classical assumption test, multiple linear regression equation, coefficient of determination (R² test), and hypothesis testing. The results show that: (1) Investment decisions influence firm value; (2) Funding decisions have no effect on firm value; (3) Dividend policies has no effect on firm value; and (4) Investment decisions, funding decisions, and dividend policies have an influence on firm value with an influence of 40.3%.
Keywords
Full Text:
PDFReferences
Darmadi, H. (2013). Metode penelitian pendidikan dan sosial : (teori konsep dasar dan implementasi) (1st ed.). Alfabeta.
IDX Data Services Division. (2023). IDX Yearly Statistics 2023. In Bursa Efek Indonesia.
Kodrat, D. S., & Herdinata, C. (2009). Manajemen Keuangan: Based on Empirical Research. Graha Ilmu.
Mandasari, J. R. (2023). Uni Eropa Dukung Indonesia Tingkatkan Teknis Sektor Perdagangan. Radio Republik Indonesia. https://www.rri.co.id/internasional/239256/uni-eropa-dukung-indonesia-tingkatkan-teknis-sektor-perdagangan
Mardiyanto, H. (2009). Inti Sari Manajemen Keuangan: Teori, Soal, dan Jawaban. Grasindo.
Moeljadi. (2006). Manajemen Keuangan Pendekatan Kuantitatif dan Kualitatif (1st ed.). Bayumedi Pubishing.
Murniati, S., Mus, H. A. R., Semmaila, H. B., & Nur, H. A. N. (2019). Effect of Investment Decisions, Financing Decisions and Dividend Policy on Profitability and Value of The Firm. International Journal of Accounting & Finance in Asia Pasific (IJAFAP), 2(1), 1–10.
Nazir, M. (2005). Metodologi Penelitian (5th ed.). Ghalia Indonesia.
Nurul, H. (2021). Obligasi Perusahaan – Pengertian, Keuntungan, dan Cara Membelinya. Lifepal.Co.Id. https://lifepal.co.id/media/obligasi-perusahaan/
Pratama, A. O., Purba, K., Jamhur, J., & Prasetyo, P. B. T. (2020). Pengaruh Faktor Perilaku Investor Saham terhadap Keputusan Investasi di Bursa Efek Indonesia. Moneter - Jurnal Akuntansi Dan Keuangan, 7(2), 170–179. https://doi.org/10.31294/moneter.v7i2.8659
Pricella, M. H., Nurwanah, A., Ramlawati, Dewi, R., & Hamzah, M. F. (2021). Faktor-Faktor yang berpengaruh terhadap Nilai Perusahaan pada Perusahaan Manufaktur yang terdaftar Di Bursa Efek Indonesia. Center of Economic Student Journal, 4(1), 7–19. https://doi.org/10.24853/jago.2.1.25-39
Rahadian, M. C. G., & Surwanti, A. (2024). Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Dividen terhadap Nilai Perusahaan (Studi Pada Perusahaan Manufaktur yang Terdaftar Pada Bursa Efek Indonesia). Journal of Regional Economics and Development, 1(2), 1–11. https://doi.org/10.47134/jred.v1i2.129
Sari, A. R., Hermuningsih, S., & Maulida, A. (2022). Pengaruh Keputusan Investasi, Keputusan Pendanaan, Profitabilitas, dan Tingkat Suku Bunga (BI Rate) terhadap Nilai Perusahaan pada Perusahaan Manufaktur di BEI tahun 2016-2020. Forum Ekonomi, 24(1), 1–12. https://doi.org/10.30872/jfor.v24i1.10475
Setiawan, F., Andaris, I., Damayanti, R., Anggraini, R., & Kustina, L. (2024). Pengaruh Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Dividen terhadap Nilai Perusahaan pada Sektor Kesehatan yang terdaftar Di Bursa Efek Indonesia Periode 2018-2022. Revenue: Lentera Bisnis Manajemen, 2(01), 12–20. https://doi.org/10.59422/lbm.v2i01.178
Simanjuntak, M. H. (2024). Ekonom: Rupiah terapresiasi 1,11 persen pada 2023. ANTARA. https://www.google.com/amp/s/m.antaranews.com/amp/berita/3897522/ekonom-rupiah-terapresiasi-111-persen-pada-2023
Sundari, M., Saladin, H., & Mursalin. (2024). Analisis Pengaruh Keputusan Investasi , Keputusan Pendanaan, dan Kebijakan Dividen terhadap Nilai Perusahaan Makanan dan Minuman Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Media Akuntansi, 6(2), 291–304.
Yanita, E., Baining, M. E., & Ifazah, L. (2023). Pengaruh Total Utang dan Total Modal terhadap Laba Bersih dengan Pendapatan sebagai Variabel Moderasi pada Perusahaan Manufaktur Sub Sektor Makanan dan Minuman Di Jakarta Islamic Index Tahun 2017-2021. Jurnal Riset Rumpun Ilmu Ekonomi, 2(2), 270–286. https://doi.org/10.55606/jurrie.v2i2.1806
Yuliati, E., & Sutrisno, C. R. (2024). Pengaruh Likuiditas, Kebijakan Dividen, Keputusan Investasi dan Keputusan Pendanaan terhadap Nilai Perusahaan. Journal of Accounting and Management’s Student (JAM’S), 30(20), 1–14.
DOI: http://dx.doi.org/10.22441/jimb.v10i3.28021
Refbacks
- There are currently no refbacks.
Copyright (c) 2024 Jurnal Ilmiah Manajemen dan Bisnis
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Jurnal Ilmiah Manajemen dan Bisnis
Fakultas Ekonomi dan Bisnis Universitas Mercu Buana
Jl. Raya Meruya Selatan, Kembangan, Jakarta 11650
Tlp./Fax: +62215871335
ISSN: 2460-8424
E-ISSN: 2655-7274
http://publikasi.mercubuana.ac.id/index.php/jimb
This journal is indexed by:
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.