Pengaruh Kebijakan Investasi, Kebijakan Pendanaan, Kebijakan Deviden dan Ukuran Perusahaan Terhadap Nilai Perusahaan pada Perusahaan Manufaktur Sektor Konsumsi yang Terdaftar di Bursa Efek Indonesia (BEI) dan Bursa Efek Amerika (Amex) Tahun 2017-2021

Abstract

The purpose of this research is to determine and to test empirically the influence of investment decision, funding decision, dividend policy, and firm value on the firm value in manufacture sector consumer goods companies listed in Indonesia Stock Exchange and America Stock Exchange. This study uses secondary data obtained from the website of the Indonesia Stock Exchange’s is www.idx.co.id and www.annualreport.com. Based on several sampling criteria, a sample of 400 companies was obtained from a population of 80 manufacture sector comsumer goods companies during the period 2017-2021. The analysis technique used is panel data regression analysis with Stata program and a significance level of 5%. This research variable investment has a negative effect on firm value but significant, the results of this study indicate that funding decision has a positive effect on firm value but not significant, the results of this study indicate that dividend policy and size value has a negative effect on firm value, but not significant in manufacture sector consumer goods companies listed in Indonesia Stock Exchange. While the investment decision and size value has a positive effect on firm value but not significant, the results of this study indicate that funding decision has a positive effect on firm value and significant. Dividend policy have a negative effect on the value of the company and are not significant.