Institusion
Sekolah Tinggi Ilmu Ekonomi Indonesia Surabaya
Author
YUSTICHARATRI, DEWINTA AURELIA
Subject
HF Commerce
Datestamp
2023-06-06 06:34:23
Abstract :
This research aimed to examine the effect of funding decisions measured by
the Debt to Equity Ratio (DER), investment measured by the Ratio of Capital
Expenditure to Book Value of Asset (RCE/BVA), and dividend policy measured by
the Dividend Payout Ratio (DPR) on the firm value. Moreover, the research
population used manufacturing companies listed on Indonesia Stock Exchange
(IDX) in the 2017-2019 periods.
This research was correlational research with a quantitative approach.
Meanwhile, the data collection was conducted by data sources, i.e., secondary data.
The data source was taken from Indonesia Stock Exchange Gallery (GIBEI)
database STIESIA Surabaya. Meanwhile, the research sample collection method
used purposive sampling. On the other hand, the research sample amount was 159
observations within three years. Moreover, the research analysis used multiple
linear regressions with the SPSS application (Statistical Product and Services
Solutions).
The model feasibility test showed that funding decisions, investment
decisions, and dividend policy were feasible to use in this research on the firm
value. The t-test showed that the funding decision had a positive effect on the firm
value, while the investment decision had a positive effect on the firm value, and
dividend policy did not affect the firm value