ABSTRAK

Penelitian ini bertujuan untuk memberikan bukti secara empiris pengaruh

keputusan investasi, keputusan pendanaan, kebijakan dividen, kepemilikan
manajerial, kepemilikan institusional dan ukuran perusahaan terhadap nilai
perusahaan. Sampel pada penelitian ini adalah perusahaan manufaktur yang
terdaftar di Bursa Efek Indonesia periode 2013-2014. Pemilihan sampel dilakukan
dengan metode purposive sampling dan diperoleh sebanyak 20 perusahaan yang
sesuai dengan kriteria sehingga sampel yang digunakan dalam penelitian ini
adalah 40 perusahaan. Penelitian ini menggunakan regresi data panel untuk
menganalisis data. Hasil penelitian menunjukkan bahwa keputusan investasi,
keputusan pendanaan, kebijakan dividen, kepemilikan manajerial, kepemilikan
institusional dan ukuran perusahaan berpengaruh secara simultan terhadap nilai
perusahaan. Keputusan investasi berpengaruh secara parsial terhadap nilai
perusahaan sedangkan keputusan pendanaan, kebijakan dividen, kepemilikan
manajerial, kepemilikan institusional dan ukuran perusahaan tidak berpengaruh
terhadap nilai perusahaan.

Kata Kunci : keputusan investasi, keputusan pendanaan, kebijakan dividen,

kepemilikan manajerial, kepemilikan institusional, ukuran
perusahaan, nilai perusahaan.

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 ABSTRACT

This reserach was aimed to prove empirically the influence of the investment
decision, financing decision, dividend policy, managerial ownership, institutional
ownership and firm size on firm value. Sample of this reserach is manufacturing
companies listed in Indonesia Stock Exchange 2013-2014 period. Sample
selection is done by purposive sampling method and obtained as many as 20
companies that fit the criteria so that the sample used in this research is 40
companies. This research used panel data regression to analyze the data. The
results showed that investment decision, financing decision, dividend policy,
managerial ownership, institutional ownership and firm size had effect
simultaneously on firm value. Partially, investment decision have effect on firm
value while financing decision, dividend policy, managerial ownership,
institutional ownership and firm size has no effect on firm value.

Keywords : investment decision, financing decision, dividend policy, managerial

ownership, institutional ownership, firm size, firm value.

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This reserach was aimed to prove empirically the influence of the investment
decision, financing decision, dividend policy, managerial ownership, institutional
ownership and firm size on firm value. Sample of this reserach is manufacturing
companies listed in Indonesia Stock Exchange 2013-2014 period. Sample
selection is done by purposive sampling method and obtained as many as 20
companies that fit the criteria that the sample used in this study is 40 companies.
This research used panel data regression to analyze the data. The results showed
that investment decision, financing decision, dividend policy, managerial
ownership, institutional ownership and firm size had effect simultaneously on firm
value. Partially, investment decision have effect on firm value while financing
decision, dividend policy, managerial ownership, institutional ownership and firm
size has no effect on firm value.

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