Analysis of Investment Decisions and Funding Decisions on Firm Value with Good Corporate Governance as a Moderating Variable in Food and Beverage Listed on IDX 2017-2020
Abstract
This study aims to determine the effect of independent variables and moderating variables on the dependent variable. The independent variables include Investment Decisions and Funding Decisions. The moderating variable is Good Corporate Governance. While the dependent variable is firm value. The population in this study were 33 Food and Beverage companies listed on the Indonesia Stock Exchange. The sample used is 16 Food and Beverage companies listed on the Indonesia Stock Exchange for the 2017-2020 period that meets the criteria. The sample method used is purposive sampling. Techniques and hypothesis testing using SmartPLS 3.3.9 analysis. Based on the results of research and discussion, it shows that Investment Decisions have a significant positive effect on firm value. Funding Decisions have a significant positive effect on firm. GCG strengthens the moderation of investment decisions on firm value. GCG strengthens the moderation of funding decisions on firm value.
Keywords: Investment Decision; Funding Decision; Good Corporate Governance; Value of The Firm.
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