Analysis of the Effect of Funding Decision and Dividend Policy on the Firm Value and Investment Decision as Mediation (Study on Manufacturing Companies in Indonesia Stock Exchange)

DOI

10.2991/aebmr.k.200415.035How to use a DOI?

Keywords

firm value, investment decision, financial decision, dividend policy

Abstract

The aims of this study are to examine and analyze, First the direct effect of financial decision and dividend policy on firm value, second the indirect effect of financial decision and dividend policy on firm value, and investment decision as mediation variable. This study was performed on the firms listed in the Indonesia Stock Exchange (BEI) During 2014 to 2017 period. The data collection was done by using purposive sampling while the population is chosen based on population criteria. The Firm involved as research sample with the number are 72 firms. The method of data analysis is multiple regression analysis and Sobel Test used to test for mediation variable. The research findings show that the indirect effect of funding decisions and dividend policy with investment decisions as mediation on firm value is significant.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sugeng Sulistiono
AU  - Yusna Yusna
PY  - 2020
DA  - 2020/04/17
TI  - Analysis of the Effect of Funding Decision and Dividend Policy on the Firm Value and Investment Decision as Mediation (Study on Manufacturing Companies in Indonesia Stock Exchange)
BT  - Proceedings of the 1st Annual Management, Business and Economic Conference (AMBEC 2019)
PB  - Atlantis Press
SP  - 173
EP  - 177
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200415.035
DO  - 10.2991/aebmr.k.200415.035
ID  - Sulistiono2020
ER  -