Pengaruh Keputusan Investasi, Kebijakan Dividen, Dan Kebijakan Hutang Terhadap Nilai Perusahaan Sektor Property, Real Estate Dan Building Contructions Yang Terdaftar Di Bursa Efek Indonesia Periode Tahun 2016-2018
DOI:
https://doi.org/10.31334/abiwara.v2i2.1408Keywords:
Investasi Dividen Hutang Nilai PerusahaanAbstract
This study aims to determine the effect of investment decisions, dividend policy and debt policy on corporate value decisions in the property, real estate and building construction sectors for the period 2016-2018. This research uses quantitative analysis. The sample collection method used was purposive sampling, namely property, real estate and building construction sector companies listed on the Indonesia Stock Exchange in a row for the period 2016-2018. The data collection technique uses documentary data, namely in the form of previous research journals, literature and financial reports. The data analysis technique used correlation coefficient test, determination coefficient test, partial t statistical test, f statistical test and multiple linear regression analysis. The coefficient of determination test results where the adjusted rsquare value of the Investment Decision variable (X1), the Dividend Policy variable (X2) and the Debt Policy variable (X3) is 90.5%, which means that the deterimination coefficient value of the Investment Decision variable (X1), the Dividend Policy variable (X2) ) and the debt policy variable (X3) has a dominant factor affecting the firm value variable (Y). Performing the classical assumption test shows that the data in this study show positive results for conducting multiple regression tests. Based on the results of multiple linear regression, the equation ¶ = -1.972 + 0.071 + 0.018 + 0.602 is obtained. From the results of hypothesis testing, it states that there is an influence of the Investment Decision (X1), Dividend Policy (X2) and Debt Policy (X3) on Firm Value (Y). The results of the partial t test where the significant value of the Investment Decision variable (X1) is 0.000 <0.05, the significant value of the Dividend Policy variable (X2) is 0.000 <0.05 and the significant value of the Debt Policy variable (X3) is 0.022 <0.05.
References
Agus, R. Sartono. 2010. Manajemen Keuangan Teori Dan Aplikasi. Edisi Keempat. Yogyakarta: BPFE.
Aji, Meygawan Nurseto. 2012. Analisis Faktor-Faktor yang Mempengaruhi Price Earning Ratio (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia 2007-2010). Jurnal. Fakultas Ekonomi Universitas Diponegoro.
Andinata,W. 2010. Analisis Pengaruh Profitabilitas dan Kebijakan Dividen Terhadap Nilai Perusahaan Manufaktur di Bursa Efek Indonesia. Journal of Accounting Diponegoro University.
Ari Ambarwati, Sri Dwi. 2010. Manajemen Keuangan Lanjut. Graha Ilmu Yogyakarta.
Brigham, E.F dan Joel Houston. 2011. Dasar-Dasar Manajemen Keuangan Terjemahan. Edisi 10. Jakarta: Salemba Empat.
Darmawan, Wira Adi. 2013. Analisis Pengaruh Kebijakan Hutang, Profitabilitas dan Kebijakan Dividen Terhadap Nilai Perusahaan (Pada Perusahaan Manufaktur Yang Terdaftar di BEI Periode 2009-2011). Universitas Semarang.
Fahmi, Irham dan Yovi Lavianti Hadi. 2011. Teori Portofolio dan Analisis Investasi Teori Soal dan Jawab. Bandung: Cetakan kedua. Alfabeta, CV.
Ghozali, Imam, 2016. Aplikasi Analisis Multivariate dengan Program IBM SPSS 23. (edisi delapan). Semarang: BP Universitas Diponegoro.
Ghozali, Imam, 2011. Aplikasi Analisis Multivariate dengan Program IBM SPSS 19. Semarang: Badan Penerbit UNDIP.
Hartono, Jogiyanto. 2013. Teori Portofolio Dan Analisis Investasi Edisi Kedelapan. Yogyakarta: BPFE.
Ikatan Akuntan Indonesia. 2017. Standar Akuntansi Keuangan. Penerbit Ikatan Akuntan Indonesia. Jakarta.
Indahningrum, Rizka Putri dan Ratih Handayani. 2009. Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Deviden, Pertumbuhan Perusahaan, Free Cash Flow dan Profitabilitas terhadap Kebijakan Hutang Perusahaan Jurnal Bisnis dan Akuntansi. vol.11 No 3 Hlm 189-207. Jurnal. Kampus STIE Trisakti.
Mahendra DJ, Alfredo. 2011. Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan (Kebijakan Dividen Sebagai Variabel Moderating) Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. Tesis diterbitkan. Bali: Universitas Udayana.
Martikarini, Nani. 2014. Pengaruh Profitabilitas, Kebijakan Hutang, dan Dividen terhadap Nilai Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia. Skripsi. Depok: FE Universitas Gunadarma.
Nadhiroh, U. 2013. Studi Empiris Keputusan-Keputusan Dividen, Investasi, dan Pendanaan Eksternal pada Perusahaan-Perusahaan Indonesia yang Go Public di Bursa Efek Indonesia. Jurnal Otonomi.
Rahmawati, Apriliana Nuzul. 2012. Analisis Faktor Kebijakan Hutang Yang Mempengaruhi Nilai Perusahaan (Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI Periode 2006-2010). Skripsi Program Sarjana Fakultas Ekonomi dan Bisnis Universitas Diponegoro.
Riyanto, Bambang. 2010. Dasar-Dasar Pembelanjaan Perusahaan. Edisi Keempat. Cetakan Ke Sepuluh. Yogyakarta: BPFE.
Samryn, L.M. 2011. Pengantar Akuntansi Mudah Membuat Jurnal Dengan Pendekatan Siklus Transaksi Edisi IFRS. Jakarta: PT Rajagrafindo Persada.
Samryn, L.M. 2012. Akuntansi Manajemen Informasi Biaya Untuk Mengendalikan Aktivitas Operasi & Investasi. Jakarta: Kencana Prenada Media Group.
Sanusi,Anwar. 2014. Metodologi Penelitian Bisnis. Jakarta: Salemba Empat.
Satria Rukmana, Heru. 2018. Buku Ajar Determinan Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan dan Nilai Perusahaan. Jakarta: Dian Rakyat.
Setiani, Rury.2013. Pengaruh Keputusan Investasi, Keputusan Pendanaan, dan Tingkat Suku Bunga Terhadap Nilai Perusahaan Pada Perusahaan Otomotif Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Universitas Negeri Padang Padang.
Sudana, I Made. 2011. Manajemen Keuangan Perusahaan: Teori dan Praktik. Jakarta: Penerbit Erlangga.
Sugiyono. 2010. Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta
Sugiyono. 2012. Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.
Sugiyono. 2013. Metode Penelitian Pendidikan (Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
Sugiyono. 2015. Metode Penelitian Pendidikan (Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
Sugiyono. 2016. Metode Penelitian Pendidikan (Pendekatan Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
Susanti, Rika. 2010. Analisis Faktor-Faktor Yang Berpengaruh Terhadap Nilai Perusahaan. Fakultas Ekonomi Universitas Diponegoro, Semarang.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright Notice
Please find the rights and licenses in Abiwara : Jurnal Vokasi Administrasi Bisnis. By submitting the article/manuscript of the article, the author(s) agree with this policy. No specific document sign-off is required.
1.License
The non-commercial use of the article will be governed by the Creative Commons Attribution license as currently displayed on Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
2.Author(s)' Warranties
The author warrants that the article is original, written by stated author(s), has not been published before, contains no unlawful statements, does not infringe the rights of others, is subject to copyright that is vested exclusively in the author and free of any third party rights, and that any necessary written permissions to quote from other sources have been obtained by the author(s).
3.User Rights
Abiwara : Jurnal Vokasi Administrasi Bisnis, spirit is to disseminate articles published are as free as possible. Under the Creative Commons license, Abiwara : Jurnal Vokasi Administrasi Bisnis permits users to copy, distribute, display, and perform the work for non-commercial purposes only. Users will also need to attribute authors and Abiwara : Jurnal Vokasi Administrasi Bisnis on distributing works in the journal and other media of publications.
4.Co-Authorship
If the article was jointly prepared by more than one author, any authors submitting the manuscript warrants that he/she has been authorized by all co-authors to be agreed on this copyright and license notice (agreement) on their behalf, and agrees to inform his/her co-authors of the terms of this policy. Abiwara : Jurnal Vokasi Administrasi Bisnis will not be held liable for anything that may arise due to the author(s) internal dispute. Abiwara : Jurnal Vokasi Administrasi Bisnis will only communicate with the corresponding author.
5.Miscellaneous
Abiwara : Jurnal Vokasi Administrasi Bisnis will publish the article (or have it published) in the journal if the article’s editorial process is successfully completed. Abiwara : Jurnal Vokasi Administrasi Bisnis editors may modify the article to a style of punctuation, spelling, capitalization, referencing and usage that deems appropriate. The author acknowledges that the article may be published so that it will be publicly accessible and such access will be free of charge for the readers as mentioned in point 3.
Every accepted manuscript should be accompanied by "Copyright Transfer Agreement" prior to the article publication.
