PENGARUH KEPUTUSAN INVESTASI, KEPUTUSAN PENDANAAN, KEBIJAKAN DIVIDEN DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to determine the influence of investment decisions, financing decisions, and dividend policy on the firm value at Indonesia Stock Exchange. This research conducted during 4 year (period 2008 to 2011) to the 148 company as sample. The results show that: firts, investment decisions positively affects on the firm value, this means that if company improve the amount of invesment hence company value will mount. Second, financing decisions not positively affects on the firm value, this means that investor candidate in assessing company not see where from source of financing company. Third, dividend policy positively affects on the firm value, this means that excelsior of deviden, stockholder will more prosperous, fourth positive effect on the financial performance of the company’s value. This means that the good financial performance in the enterprise the higher the value of the company. Keywords: investment decisions, financing decisions, dividend policy,financial performance and the firm value