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Journal : DINAMIKA DOTCOM

PENGARUH KEBIJAKAN HUTANG TERHADAP GROWTH OPPORTUNITY, KEPUTUSAN INVESTASI DAN NILAI PERUSAHAAN PADA PERUSAHAAN YANG TERDAFTAR DI INDEX LQ 45 DI BURSA EFEK INDONESIA (BEI) PERIODE 2012-2015 Maria, Evi
DINAMIKA DOTCOM DINAMIKA DOTCOM VOL 10 NO 2 TAHUN 2019
Publisher : DINAMIKA DOTCOM

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Abstract

One of the company's main goals is to maximize company value. Company value is an investor's perception of the level of company success that is often associated with stock prices. This research aims to analyze the influence of debt policy toward growth opportunity, investment decisions, and company value. Moreover, this researching on companies listed on the LQ 45 Index on the Indonesia Stock Exchange for the period 2012-2015. The analysis method used structural equation analysis / SEMPLS with the help of SmartPLS version 2 software. The results of this research indicate that debt policy has a significant influence partially toward growth opportunity with a t-statistic value of 4,453136 (> 1.96). However, debt policy has not a significant influence on firm value with a t-statistic value of 1.387508 (<1.96). And also, Growth Opportunity has a significant influence partially toward firm value with a t-statistic value of 3.286849 (> 1.96). While Growth Opportunity has not a significant influence on investment decisions with a t-statistic value of 0.277165 (<1.96).Investment decisions have a significant influence partially on firm value with a t-statistic value of 4.175537 (> 1.96). The coefficient of determination (R2) of debt policy towards growth opportunity, investment decisions, and company value is 0.040; 0.001 and 0.349.Keywords: debt policy, growth opportunity, investment decisions, and company value
Co-Authors A Halim Adi Putro, Cahyo Afnenda Elfreda Frederica Suryatmojo Agussalim Andriansyah Agustina, Nadila Al-Zukhruf, Muhammad Sultan Aminul amin Arafah, Niken Nurul Bunyamin Bunyamin Bunyamin Bunyamin Carolina, Deasy Christ Rudianto Danny Manongga Dewi, Sumiati Arta Djoko Murdono Dwi Nita Aryani Dwijayanti, Rahmania Argita Dyah Aruning Puspita Edi Sudiarto Edi Suharyadi Eko Suwardi Fadilla, Zulfa Alya Fauziah, Satya Grace Persulessy Hanif Mauludin Hanna Prillysca Chernovita Hariadi, Sugeng Heni Putriyanti Ikmaliyah, Erika Imanuel, I Indira, Kamila Yumna Irawan Budi Prasetyo Ita Puji Lestari, Ita Puji Jaya Mahendra, Aldo Johannis, Angelina Adistya Julianto, Adhitya Kadarusman Kadarusman . Kartika Dian Pertiwi Kartika Hudiono, Rini Khairunnisa, Azizah Nur Kristanto, Ridlo Feizzati Rozzag Kurnia Wirawan, Dennis Lidia Andiani Lumenta, Dhea Eucharisty Manora, Elsa Mintje, Eden Renold Mulyani, Kahar Nawangsari, Daneva Salsabila Novita Setyaningrum, Nola P. Basuki Hadiprajitno Penidas Fodinggo Tanaem Pramesti, Septi Dhian Priatna , Wowon Purwadhi Purwadhi R. Suharyadi Rina Irawati Rina Rahmawati Rina Rahmawati, Rina Rony, Zahara Tussoleha Safitri, Nofa Semida, Tika Setiyono Miharjo Sine, Melani Mardolna Siti Munfaqiroh Sri Yulianto Joko Prasetyo Sugeng Hariadi Supratikno, Agus Sutarto Wijono Tarika, Laurencia Cristine Wicaksono, Christian Edy Widanarni Pudjiastuti Widanarni Pudjiastuti WIDANARNI WIDANARNI Wijaya, Tasya Winandhito Adi, Alexander Yosefine Elisabeth Yuyuk Liana