Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan
Vol. 5 No. 2 (2025): Juni : Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan

Pengaruh Kebijakan Dividen, Keputusan Investasi dan Keputusan Pendanaan Terhadap Nilai Perusahaan pada Sektor Basic Materials di BEI 2020-2023

Rajagukguk, Helvi Febriana (Unknown)
Gultom, Robinhot (Unknown)
Purba, Dimita Hemalli Premasari (Unknown)



Article Info

Publish Date
07 Jun 2025

Abstract

This research aims to determine how Dividend Policy, Investment Decisions, and Financing Decisions influence Firm Value in Basic Materials sector companies listed on the Indonesia Stock Exchange for the period 2020-2023. The variables used in this study are independent variables (X) consisting of dividend policy proxied by the Dividend Payout Ratio, investment decisions proxied by the Price Earning Ratio, financing decisions proxied by the Debt to Equity Ratio, and the dependent variable (Y) is Firm Value proxied by Tobin’s Q. The sample in this study was obtained using purposive sampling method. Based on the established criteria and data processing method, 19 companies were determined to be the research sample. The data analysis technique used is multiple linear regression. The results of this study indicate that partially, dividend policy has a negative and significant effect on firm value, investment decisions have a positive and significant effect on firm value, and financing decisions do not have a significant effect on firm value. Simultaneously, the variables of Dividend Policy, Investment Decisions, and Financing Decisions significantly affect Firm Value.

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Journal Info

Abbrev

jurimbik

Publisher

Subject

Economics, Econometrics & Finance Other

Description

Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan merupakan Jurnal yang diterbitkan oleh Barenlitbangda Kabupaten Semarang. Jurnal Ilmiah Manajemen, Bisnis dan Kewirausahaan adalah untuk menyebarluaskan, mengembangkan dan menfasilitasi hasil penelitian mengenai Ilmu bidang Manajemen dan Bisnis, ...