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Pengaruh Keputusan Investasi terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening (Studi Kasus pada Perusahaan Pertambangan yang Tercatat di BEI Periode 2015-2018)

Main Authors: Mahmudi, Bambang; Fakultas EKonomi dan Bisnis Universitas Sultan Ageng Tirtayasa, Khaerunnisa, Enis; Universitas Sultan Ageng Tirtayasa
Format: Article info application/pdf Journal
Bahasa: eng
Terbitan: Faculty of Economics and Business - Universitas Sultan Ageng Tirtayasa , 2020
Subjects:
Finance
investment decision
dividend policy
company value
Online Access: http://jurnal.untirta.ac.id/index.php/jsm/article/view/8453
http://jurnal.untirta.ac.id/index.php/jsm/article/view/8453/5636
ctrlnum article-8453
fullrecord <?xml version="1.0"?> <dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">Pengaruh Keputusan Investasi terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening (Studi Kasus pada Perusahaan Pertambangan yang Tercatat di BEI Periode 2015-2018)</title><creator>Mahmudi, Bambang; Fakultas EKonomi dan Bisnis Universitas Sultan Ageng Tirtayasa</creator><creator>Khaerunnisa, Enis; Universitas Sultan Ageng Tirtayasa</creator><subject lang="en-US">Finance</subject><subject lang="en-US">investment decision; dividend policy; company value</subject><description lang="en-US">This research aims to test investment decisions affecting the value of the company by using the dividend policy as a intervening variable. In this study, the company's value was measured with the Price to Book Value (PBV), the investment decision measured by the Total Assets Growth (TAG), and the dividend policy was quantified by Divident Pay Out Ratio. Samples in this research are mining industry sector companies that distribute dividends listed on Indonesia Stock Exchange period 2015 &#x2013; 2018. Sample determination method using purposive sampling. The methods of analysis used are classical assumption test, partial test (t test), path analysis, and Sobel test. Based on the results of the analysis data that (1) the investment decision (TAG) has a positive and insignificant effect on the company's value (PBV), (2) The investment decision (TAG) is negatively and insignificant in the dividend policy (DPR), (3) Dividend policy (DPR) affects negative and not significant to the company's value (PBV), (4) Dividend policy (DPR) is not able to distribute the influence of investment decision (TAG) on the company's value (PBV).</description><publisher lang="en-US">Faculty of Economics and Business - Universitas Sultan Ageng Tirtayasa</publisher><contributor lang="en-US"/><date>2020-06-22</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>Journal:Article</type><type>File:application/pdf</type><identifier>http://jurnal.untirta.ac.id/index.php/jsm/article/view/8453</identifier><identifier>10.35448/jmb.v12i2.8453</identifier><source lang="en-US">Sains: Jurnal Manajemen dan Bisnis; Vol 12, No 2 (2020); 280-298</source><source>2541-1047</source><source>1978-2241</source><source>10.35448/jmb.v12i2</source><language>eng</language><relation>http://jurnal.untirta.ac.id/index.php/jsm/article/view/8453/5636</relation><rights lang="en-US">Copyright (c) 2020 Sains: Jurnal Manajemen dan Bisnis</rights><rights lang="en-US">https://i.creativecommons.org/l/by-sa/4.0/</rights><recordID>article-8453</recordID></dc>
language eng
format Journal:Article
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Journal:Journal
author Mahmudi, Bambang; Fakultas EKonomi dan Bisnis Universitas Sultan Ageng Tirtayasa
Khaerunnisa, Enis; Universitas Sultan Ageng Tirtayasa
title Pengaruh Keputusan Investasi terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Intervening (Studi Kasus pada Perusahaan Pertambangan yang Tercatat di BEI Periode 2015-2018)
publisher Faculty of Economics and Business - Universitas Sultan Ageng Tirtayasa
publishDate 2020
topic Finance
investment decision
dividend policy
company value
url http://jurnal.untirta.ac.id/index.php/jsm/article/view/8453
http://jurnal.untirta.ac.id/index.php/jsm/article/view/8453/5636
contents This research aims to test investment decisions affecting the value of the company by using the dividend policy as a intervening variable. In this study, the company's value was measured with the Price to Book Value (PBV), the investment decision measured by the Total Assets Growth (TAG), and the dividend policy was quantified by Divident Pay Out Ratio. Samples in this research are mining industry sector companies that distribute dividends listed on Indonesia Stock Exchange period 2015 – 2018. Sample determination method using purposive sampling. The methods of analysis used are classical assumption test, partial test (t test), path analysis, and Sobel test. Based on the results of the analysis data that (1) the investment decision (TAG) has a positive and insignificant effect on the company's value (PBV), (2) The investment decision (TAG) is negatively and insignificant in the dividend policy (DPR), (3) Dividend policy (DPR) affects negative and not significant to the company's value (PBV), (4) Dividend policy (DPR) is not able to distribute the influence of investment decision (TAG) on the company's value (PBV).
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Financial Economics, Finance/Ekonomi Keuangan dan Finansial, Ekonomi Biaya dan Pembiayaan
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first_indexed 2020-07-12T07:54:48Z
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