Analysis Effect of Investment Decision, Financing and Dividend Policy on Value Company with Variable Business Risk as Mediation
- August 15, 2020
- Posted by: RSIS
- Categories: Business Management, IJRSI, Management
International Journal of Research and Scientific Innovation (IJRSI) | Volume VII, Issue VII, July 2020 | ISSN 2321–2705
Sihwahjoeni, Edi Subiyantoro, and Maria Ringi Bili
University of Merdeka Malang, Indonesia
Abstract: The aim of this research is to analyze the impact of investment decisions to business risk, analyze the impact of funding decisions against business risks, analyze the impact of dividend policy on business risk, predict whether the investment decisions affect the value of the company, to predict whether the investment decisions affect the value of the company by the business risk as a variable mediator, predicts whether funding decisions affect the value of the company, to predict whether financing decisions affect the value of the company with the business risk as mediator variables, to predict whether the dividend policy affects the value of the company, to predict whether the dividend policy affects the value of the company with the business risk as a mediator variable, Predict whether the business risks affects the value of the company. The sample in this study as many as 14 companies of food and beverages-year period from 2013 to 2017. The analysis technique using path analysis. The analysis showed that the investment decision does not affect the business risk. The funding decision does not affect the business risk. Funding policy has no effect on the business risk. The investment decision has no effect on the value of the company. The investment decision has no effect on the value of the company with the business risk as a mediator variable. Funding decisions affect the value of the company. The funding decision does not affect the value of the company with the business risk as a mediator variable. Dividend policy affects the value of the company. Dividend policy does not affect the value of the company with the business risk as a mediator variable. The business risks do not affect the value of the company.
Keywords: Investment decision, financing decision, dividend policy, business risk, the value of the company .
I. INTRODUCTION
The company’s value can be measured by the value of the stock price in the market, based on the formation of the share price of companies in the market which is a reflection of votes by the public on the company’s performance in real terms, is said to be in real terms for the formation of prices in the market is the convergence points of the stability of the power demand and the points the stability of the power supply in real terms prices occurred buying and selling securities in the capital market between sellers (issuers) and investors, often referred to as the market equilibrium (Harmono, 2017: 50).
