THE INFLUENCE OF INVESTMENT DECISIONS, FUNDING DECISIONS, AND DIVIDEND POLICIES ON THE VALUE OF CONSUMER GOODS MANUFACTURING COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE IN 2018-2021
Abstrak
This research aims to test and analyze the influence of investment decisions, funding decisions, and dividend policies on the value of manufacturing companies listed on the Indonesia Stock Exchange for the 2016–2018 period. Total Asset Growth (TAG) is used as a proxy for investment decisions; Debt to Equity Ratio (DER) is used as a proxy for funding decisions; and Dividends Payout Ratio (DPR) is used as a proxy for dividend policy. The population in this research are consumer goods industrial companies listed on the Indonesia Stock Exchange (BEI) for the 2018–2021 period. The sample used in this research consisted of 29 companies. The sampling technique was carried out using the purposive sampling method. The type of data used is secondary data. The data analysis technique uses multiple linear regression analysis using the SPSS program. The results of this research show that investment decisions have no effect on company value, funding decisions have no significant effect, and dividend policy has a significant positive effect on company value.Referensi
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Sumanto . 2017. “Investment Theory.” Journal of Chemical Information and Modeling 110(9): 1689–99.
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Utami, Asri Pawestri Setyo, and Ni Putu Ayu Darmayanti . 2018. "The Influence of Investment Decisions, Funding Decisions and Dividend Policy on the Value of Food and Beverages Companies." Udayana University Management E-Journal 7 (10): 5719. https:// doi.org /10.24843/ejmunud.2018.v07.i10.p18.
Wicaksana , Arif. 2016. “No Title No Title No Title.” Https:// Medium.Com / 6 (April). https://medium.com/@arifwicaksanaa/pengertian-use-case-a7e576e1b6bf.
Yuliariskha , Fania. 2012. "The Influence of Funding Decisions, Investment Decisions and Dividend Policy on Company Value (Study of Manufacturing Companies Registered on BEI for the 2008-2010 Period)." Journal of Business Studies 1(1). http://journal.uta45jakarta.ac.id/index.php/jbsuta/article/view/1
Bahrun, Muhammad Fadly, and Amrie Firmansyah. 2020. “358-Article Text-1176-1-10-20201106” 8 (3).
Indonesian Stock Exchange, DI, and Securities. 2006. "INTRODUCTION The Company's Goal Is To Increase Shareholder Prosperity Through Increasing Company Value. This is in line with investors' aim to increase their welfare by expecting returns in the form of dividends or dividends."
Gatot Nazir Ahmad, Rizal Lullah , and M. Edo S. Siregar. 2020. "The Influence of Investment Decisions, Funding Decisions, Dividend Policy, and Board of Commissioners Size on Company Value in Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2016-2018 Period" 11 (1): 169–84. https:// doi.org /10.21009/jrmsi.011.1.09.
Janah, Umi Nur, and Kurnia Rina Ariani. 2022. "The INFLUENCE OF INVESTMENT DECISIONS, FUNDING DECISIONS AND DIVIDEND POLICIES ON COMPANY VALUE (Empirical Study of Financial Sector Companies Listed on the Indonesian Stock Exchange." E- Qien 10 (2): 340–48.
Kartika, Andi, Ida Nurhayati, and Whidian Hardiyanti . 2022. "The Mediating Role of Profitability on the Effect of Capital Adequacy Ratio and Loan To Deposit Ratio on Stock Returns." Distribution-Journal of Management and Business 10(1): 63–74. https:// doi.org /10.29303/distribution.v10i1.203.
Maimunah , Siti, and Suhaila Hilal. 2014. "The Influence of Investment Decisions, Funding Decisions, Dividend Policy and Interest Rates on Company Value." JIAFE (Scientific Journal of Accounting, Faculty of Economics) 6 (2): 42–49. https:// doi.org /10.34204/jiafe.v6i2.531.
Merina Salama, Paulina Van Rate, and Victoria N. Untu. 2019. "The Influence of Investment Decisions, Funding Decisions and Dividend Policy on Company Value in the Banking Industry Registered on BEI for the 2014-2017 Period." Emba Vol.7 No.3 (3): 2651–60.
Meryana , Junaidi, and Arista Fauzi KS 2021. "The Influence of Investment Decisions, Funding Decisions, Dividend Policy and Interest Rates on Company Value (Empirical Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2018-2020 Period)." E- Jra 10 (02): 47–57.
Mesrawati , Mesrawati , Clairine Clairine, Katrynie Mutiara Benua, and Apriadi Jonathan . 2021. "The Influence of Investment Decisions, Funding Decisions, and Dividend Policy on the Value of Consumer Companies Listed on the Indonesian Stock Exchange for the 2016-2018 Period." Warta Dharmawangsa 15 (1): 157–65. https:// doi.org /10.46576/wdw.v15i1.1057.
Name, Paper, Word Count, Character Count, Page Count, File Size, Submission Date, and Report Date. 2023. “MANUSCRIPT _ MAHIRUN _ FEB UNIKAL _ 2 5009 Words 19 % Overall Similarity Excluded from Similarity Report.”
Nelwan , Andreas, and Joy E Tulung. 2018. "The Influence of Dividend Policy, Funding Decisions and Investment Decisions on Company Value in Bluechip Shares Listed on BEI." EMBA Journal: Journal of Economics, Management, Business And Accounting Research 6 (4): 2878–87. https:// doi.org /10.35794/emba.v6i4.21196.
Pristina, Feny A., and Khairunnisa. 2019. "Analysis of the Influence of Dividend Policy, Investment Decisions and Funding Decisions on Company Value." JOURNAL OF ASSET (ACCOUNTING RESEARCH), 11 (1), 2019, 123-136 Analysis 11 (1).
Purwitasari , Devi Aditya. 2015. "The Influence of Profitability, Investment Decisions, Funding Decisions, and Dividend Policy on the Value of Manufacturing Companies Listed on the Indonesian Stock Exchange." Thesis Publication. Management Study Program, Faculty of Economics, Yogyakarta State University., 1–115.
Rakhimsyah , Leli Amnah, and Barbara Gunawan. 2011. "The Influence of Investment Decisions, Funding Decisions , Dividend Policy and Interest Rates on Company Value." Investment Journal 7(1): 31–45.
Sagita , Rani Miranda, Iwan Kusuma Negara, and Iwan Kusmayadi . 2023. "Analysis of the Effect of Profitability, Liquidity, Company Size and Dividend Policy on Company Value with Capital Structure as a Moderating Variable." ALEXANDRIA (Journal of Economics, Business, & Entrepreneurship) 4 (2): 60–66. https:// doi.org /10.29303/alexandria.v4i2.458.
Sasurya , Aris, and Nadia Asandimitra . 2018. "The Influence of Managerial Ownership, Investment Decisions, Funding Decisions, and Dividend Policy on Company Value." BISMA (Business And Management) 6 (1): 1. https:// doi.org /10.26740/bisma.v6n1.p1-10.
Setiani , and Rury. 2013. "The Influence of Investment Decisions, Funding Decisions, and Interest Rates on the Value of Automotive Companies Listed on the Indonesian Stock Exchange." Padang State University Journal.
Sumanto . 2017. “Investment Theory.” Journal of Chemical Information and Modeling 110(9): 1689–99.
Susilana , Rudi. 2015. "Population and Sample Module." Practical Module, 3–4. http://file.upi.edu/Direktori/DUAL-MODES/PENELITIAN_PEDIDIKA/BBM_6.pdf.
Umdiana , Nana, and Hashifa Claudia. 2020. "Capital Structure Through Trade Off Theory." Accounting Journal of Scientific Accounting Studies (JAK) 7 (1): 52. https:// doi.org /10.30656/jak.v7i1.1930.
Utami, Asri Pawestri Setyo, and Ni Putu Ayu Darmayanti . 2018. "The Influence of Investment Decisions, Funding Decisions and Dividend Policy on the Value of Food and Beverages Companies." Udayana University Management E-Journal 7 (10): 5719. https:// doi.org /10.24843/ejmunud.2018.v07.i10.p18.
Wicaksana , Arif. 2016. “No Title No Title No Title.” Https:// Medium.Com / 6 (April). https://medium.com/@arifwicaksanaa/pengertian-use-case-a7e576e1b6bf.
Yuliariskha , Fania. 2012. "The Influence of Funding Decisions, Investment Decisions and Dividend Policy on Company Value (Study of Manufacturing Companies Registered on BEI for the 2008-2010 Period)." Journal of Business Studies 1(1). http://journal.uta45jakarta.ac.id/index.php/jbsuta/article/view/1
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