Is the Value of The Company Affected by Company Investment Decisions and Financing Decisions?

Ramon Arthur Ferry Tumiwa, John Ronaldo Michael Apituley, Stevie Alan Lasut

Abstract


This study aims to examine and analyze whether investment and financing decisions have a significant effect on the firm value of manufacturing companies listed on the Indonesia Stock Exchange. This study uses data from food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange during the period 2013 to 2017. The analyzed companies are 13 companies based on sample criteria. The analysis method used is panel data analysis by using Microsoft Excel and Eviews 10 software. The results of this study found that investment decisions have a positive effect but not significant on firm value and financing decisions have a significant and positive effect on firm value in the food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange.

Full Text:

PDF

References


Afzal A., dan Rohman A. 2012. Pengaruh Keputusan Investasi, Keputusan Pendanaan Dan Kebijakan Dividen Terhadap Nilai Perusahaan. Diponegoro Journal Of Accounting Volume 1, Nomor 2, Tahun 2012, Halaman 09.

Dewi, Luh Putu. K., dan I Wayan P. Wirasedana. 2018. Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen dan Tingkat Inflasi Terhadap Nilai Perusahaan. E-Journal Akuntansi Universitas Udayana Vol. 23.2. Mei 2018. Hal. 813-841.

Efni, Yulia., Hadiwidjojo, D., Salim, U., dan Rahayu, M. 2011. Keputusan Investasi, Keputusan Pendanaan, dan Kebijakan Dividen: Pengaruhnya terhadap nilai perusahaan (Studi Pada Sektor Properti dan Real Estate di Bursa Efek Indonesia). Jurnal Aplikasi Manajemen, 10(1) Hal. 128-141.

Fernandar, G. I dan Raharja S. 2012. Pengaruh Keputusan Investasi, Keputusan Pendanaan, Dan Kebijakan Dividen Terhadap Nilai Perusahaan. Diponegoro Journal of Accounting Volume 1, Nomor 2, Tahun 2012, Hal. 1-10.

Hidayat, R. 2010. Keputusan Investasi dan Financial Constraints: Studi Empiris Pada Bursa Efek Indonesia. Buletin Ekonomi dan Perbankan.

Husnan, S. dan E. Pudjiastuti. 2012. Dasar-Dasar Manajemen Keuangan. Edisi Keenam. Cetakan Pertama. Yogyakarta: UUP STIM YKPN.

Kumar, S., Anjum, B., and Nayyar, S. 2012. Financing Decisions: Study of Pharmaceutical Companies of India. International Journal of Marketing, Financial Services & Management Research, 1(1): P. 14-28.

Kusumaningrum, Dyah A. R dan Rahardjo S. N. 2013. Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen, Kepemilikan Manajerial, Dan Kepemilikan Institusional Terhadap Nilai Perusahaan. Diponegoro Journal of Accounting Volume 2, Nomor 4, Tahun 2013, Hal. 1-10.

Lumapow, Lihard Stevanus and Ramon Arthur Ferry Tumiwa. 2017. The Effect of Dividend Policy, Firm Size, and Productivity to The Firm Value. Research Journal of Finance and Accounting, Vol.8, No.22, 2017. P. 20-25

Mardyati, Umi., G. N. Ahmad., M. Abrar. 2015. Pengaruh Keputusan Investasi, Keputusan Pendanaan, Ukuran Perusahaan dan Profitabilitas Terhadap Nilai Perusahaan Manufaktur Pada Sektor Barang Konsumsi Yang Terdaftar di Bursa Efek Indonesia Periode 2010-2013. Jurnal Riset Manajemen Sains Indonesia (JRMSI) | Vol 6, No. 1.

Nurvianda, Ghaesani., Yuliani, and Reza Ghasarma. 2018. Pengaruh Keputusan Investasi, Keputusan Pendanaan dan Kebijakan Dividen Terhadap Nilai Perusahaan. Jurnal Manajemen dan Bisnis Sriwijaya Vol.16 (3), 164-177.

Pujiati, Diyah dan Widanar, Erman. 2009. Pengaruh Struktur Kepemilikan Terhadap Nilai Perusahaan Keputusan Keuangan Sebagai Variabel Intervening. Jurnal Ekonomi Bisnis & Akuntansi Ventura Vol 12 No. 1 Hal 71-86.

Sartini, Luh Putu. N., dan I. B. A. Purbawangsa. 2014. Pengaruh Keputusan Investasi, Kebijakan Dividen Serta Keputusan Pendanaan Terhadap Nilai Perusahaan Manufaktur di BEI. Jurnal Manajemen, Strategi Bisnis dan Kewirausahaan Vol. 8, No. 2, Agustus 2014 Hal. 81-89.




DOI: https://doi.org/10.32535/jicp.v0i0.909

Refbacks

  • There are currently no refbacks.


Copyright (c) 2021 Ramon Arthur Ferry Tumiwa, John Ronaldo Michael Apituley, Stevie Alan Lasut

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

Flag Counter

Published by:

AIBPM Publisher

Editorial Office:

JL. Kahuripan No. 9 Hotel Sahid Montana, Malang, Indonesia
Phone:
+62 341 366222
Email: journal.jicp@gmail.com
Website:http://ejournal.aibpmjournals.com/index.php/JICP

Supported by: Association of International Business & Professional Management

If you are interested to get the journal subscription you can contact us at admin@aibpm.org.

ISSN 2622-0989 (Print)
ISSN 2621-993X (Online)

DOI:Prefix 10.32535 by CrossREF

Journal of International Conference Proceedings (JICP) INDEXED:

 

In Process


This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.