PENGARUH KEPUTUSAN INVESTASI TERHADAP NILAI PERUSAHAAN MELALUI KINERJA PERUSAHAAN SEKTOR PERTAMBANGAN DI BURSA EFEK INDONESIA (BEI)

Authors

  • M Sahrul Fakultas Ekonomi dan Bisnis, Universitas Airlangga Surabaya
  • Mohamad Aulia Sobri Fakultas Ekonomi dan Bisnis, Universitas Airlangga Surabaya
  • Tri Ratnawati Fakultas Ekonomi dan Bisnis, Universitas 17 Agustus 1945 Surabaya

DOI:

https://doi.org/10.30996/jem17.v5i1.3624

Abstract

The purpose of this research is to determine the effect of Investment Decision on Firm’s Value through Firm Performance. The object of this research was mining companies listed on Bursa Efek Indonesia (BEI) during 2016-2018. Firm’s value as dependent variable measured by PBV and EPS. The independent variable in this research is investment decision measured by PER and MBVA. Then, intervening variable is firm performance measured by ROA and ROE. Data analysis techniques use Partial Least Square (PLS) and from data processing and hypothesis testing, produced 3 accepted hypothesis and 1 hypothesis is rejected. The results of this study were (1) Investment decision has no effect on firm value, (2) Investment decision has positive effect on firm performance, (3) Firm performance has positive effect on firm’s value, (4) Firm performance has mediating effect on the relationship between investment decision and firm’s value.

Kata Kunci : Investment Decision, Firm Performance, and Firm’s Value.

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References

Pristiana, U. (2018). INVESTMENT DECISION, CAPITAL DECISION, INDUSTRY PERFORMANCE, ECONIMIC MACROS AS ANTECEDENT VARIABLES OF FINANCIAL RISK MANAGEMENT AND FINANCIAL DISTRESS AGAINST VALUE OF THE FIRM WITH GCG AS A VARIABLE MODERATING FOR MANUFACTURING COMPANIES REGISTERED ON THE INDONESIAN STOCK EXCHANGE. Archives of Business Research, 6(9).

Saleh, H., Priyawan, S., & Ratnawati, T. (2015). The Influence of Assets Structure, Capital Structure, And Market Risk on The Growth, Profitability And Corporate Values (Study inManufacturing Companies Listed in Indonesia Stock Exchange). International Journal of Business And Management Invention, 4(12).

Sholikhah, A. (2018). Factors that Infl uence the Firm Value in Consumer Goods Sector Companies Listed on the Indonesia Stock Exchange 2013–2017. The Indonesian Accounting Review, 8(1), 57-70.

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Varaiya, N., Kerin, R. A., & Weeks, D. (1987). The relationship between growth, profitability, and firm value. Strategic Management Journal, 8(5), 487-497.

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Published

2020-05-30

Issue

Vol. 5 No. 1 (2020)

Section

Articles

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