ANALISIS PENGARUH PROFITABILITAS KEPUTUSAN INVESTASI KEPUTUSAN PENDANAAN DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN (Studi pada Perusahaan yang Terdaftar di Jakarta Islamic Index Tahun 2011-2015)
Abstract: The main goal of the
company is to maximize shareholder wealth, and it can be achieved by maximizing
the value of company. This study is aim to examine the effect of profitability,
investment decision, financing decision, dividend policy to the firm value.
Return On Asset (ROA) was used as a proxy of profitability, Total Asset Growth
(TAG) was used as a proxy of investment decision, Debt to Equity Ratio (DER)
was used as a proxy of financing decision, Dividen Payout Ratio (DPR) was used
as a proxy of dividend policy and Price Book Value (PBV) was used as a proxy
value of the firm. This results partially on profitability (ROA) and invesment
decision (TAG) have the positive and significant effect to the firm value
(PBV). In contrast, financing decision (DER) and dividend policy (DPR) has the
positive and unsignificant effect to the firm value (PBV). Simultaneously, the
four independent variables that affect the company's variable value (PBV), but
the value of the company is not only influenced by internal factors, the
company's value is also influenced by external factors such as interest rates,
inflation rates, exchange rates and social and political situation.
Keywords: value of the firm,
shareholder, profitability, investment decision, financing decision, dividend
policy
Penulis: Noval Kurniawan,
Wisnu Mawardi
Kode Jurnal: jpmanajemendd170834
