Ginanjar, Agung and Hasnawati, Sri and Fiska, Huzaimah (2021) THE EFFECT OF INVESTMENT DECISION, FINANCING DECISION, DIVIDEND POLICY ON FIRM VALUE (STUDY ON FOOD AND BEVERAGE INDUSTRY LISTED ON THE INDONESIA STOCK EXCHANGE, 2016-2018). Jurnal Bisnis dan Manajemen, 17 (1). pp. 1-12. ISSN 1411
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Abstract
This study aims to determine the influence of investment decision, financing decision, dividend policy on firm value. Using purposive sampling method, 22 firms in the food and beverage industry listed in Indonesia Stock Exchange for the period 2016- 2018 wereselectedassamples.Datawereanalyzedusingmultiplelinearregression.Itis concluded that Investment Decision (PER) has a positive and significant effect on firm value, supports the Signaling Theory which explains the relationship between investment decision and firm value. Financing Decision (DER) has no effect on firm value, according to Trade Off Theory which explains that at a certain level of debt, tax savings (tax shields) from additional debt will be equal to the cost of financial distress. Dividend Policy (DPR) has a positive and significant effect on firm value, supported by the Signaling Theory which states that good quality firms will deliberately give signals to the market. The results of the suitability test model show that simultaneously investment decision (PER), financing decision (DER) and dividend policy (DPR) influence firm value.
| Item Type: | Article |
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| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Fakultas Ekonomi dan Bisnis (FEB) > Prodi Manajemen |
| Depositing User: | Dr Sri Hasnawati |
| Date Deposited: | 20 May 2021 07:33 |
| Last Modified: | 20 May 2021 07:33 |
| URI: | http://repository.lppm.unila.ac.id/id/eprint/30249 |
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