Pengaruh Keputusan Investasi dan Keputusan Pendanaan terhadap Nilai Perusahaan pada Sektor Properti, Real Estate, dan Konstruksi Bangunan yang Terdaftar di Bursa Efek Indonesia Periode 2013—2017

Abstract

This research is motivated by the decrease of the company value that property, real estate and building construction companies. This research aims to know the description of investment decisions with a measuring indicators that is Total Asset Growth (TAG), description of funding decisions with measuring indicators that is Debt to Equity Ratio (DER) and description company value with a measuring indicator that is Price Book Value (PBV). The analysis tools used include panel data regression analysis, test of significance of regression, and test the significance of regression coefficient. The results showed that the variables Investment decision variable (TAG) does not effect the Corporate Value and Funding Decision (DER) has a positive effect on firm value company values in the property, real estate and building construction sector.

Does CEO’s Financial Decision Able To Improve Firm Value Of Consumer Good Industry

“…According to Sumarau (2019), funding decisions are closely related to how the company or the CEO's involvement in choosing the source of funds to be spent and impacting the firm value. Companies that are funded by debt will pay less tax than companies that are funded by issuing shares since the interest on loans paid to creditors is tax-deductible, reducing the amount of tax that the company must pay (Gautama et al, 2019). The search for sources of funds, which is the CEO's responsibility in financing investments, decides how much the composition of the sources of funds will be used by the company is expanding the company's assets and impacting the company's worth (Iskandar, 2017).…”

“…According to , high funding decisions can increase firm value. Research by (Gautama et al, 2019). States that there is a positive and significant influence of funding decisions on firm value.…”

“…If the company can determine the right dividend policy for shareholders, it will have an impact on increasing the value of the company (Hendiarto et al, 2018). If the company pays dividends correctly, the company's performance will improve, (Gautama et al, 2019) Mangrifoh's research ( 2019), states that firm value is influenced by the performance of the company's financial management, in contrast to the research of (Triani & Tarmidi, 2019).…”

Price Markup in Property Purchase: A Legal Perspective on The Risk of Default and Decrease in Property Value at Auction

“…First, properties tend to maintain value or even increase over time, despite market fluctuations. This provides a sense of security and certainty because the bank has collateral in the form of real physical assets (Ain, 2021 ;Gautama, 2019 ;Marheni, 2021).…”

Does the Dividend Policy, Liquidity, Activity and Leverage Increases Corporate Value? (Evidence on the Jakarta Islamic Index)

“…The debt policy can increase the value of the company because through corporate income tax, the debt interest expense will reduce the tax paid. Debt is also useful for controlling the use of free cash flow so that it can minimize useless investment (Gautama, Octavia, & Nurhayati, 2019).…”