A KEBIJAKAN INVESTASI, PENDANAAN DAN DIVIDEN TERHADAP NILAI PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study attempts to examine the impact of investment, financing, and dividend policies on the 
determinants of firm value on the Indonesia Stock Exchange. The population of this study was 
public companies listed on the Indonesia Stock Exchange, with hotel companies serving as the 
sample between 2015 and 2019. Purposive sampling was used to determine the sample, resulting 
in a total of eight hotel companies from 2015 to 2019. Data analysis techniques used were 
descriptive statistics, classical assumption tests, multiple linear regression models, and hypothesis 
testing using SPSS 26.0 for Windows. The results of this study indicate that investment decisions 
have a positive and significant effect on firm value, while funding policies have a positive and 
significant effect on firm value. Dividend policies do not significantly influence firm value.