Effect of Investment Decisions, Funding Decisions and Dividend Policies on Company Value in The Jakarta Islamic Index
DOI:
https://doi.org/10.56444/icbeuntagsmg.v2i1.1591Keywords:
Investment Decisions, Funding Decisions, Dividend Policy and Company ValueAbstract
This research aims to test whether investment decisions, funding decisions and dividend policy influence company value. The data used in the research is secondary data. The population of this research is companies registered in the Jakarta Islamic Index (JII) 70 for 2018-2021. Determining the sample in the research used the porpusive sampling method with special criteria to obtain 68 data. The results of this research prove that the influence of investment decisions on company value is 0.256 > 0.05 and the calculated t value is 1.147 < 1.99714. There is no influence of investment decisions on value. Company. The influence of funding decisions on company value is 0.000 < 0.05 and t count is 6.384 > 1.99714. There is a significant influence of funding decisions on company value. The influence of dividend policy on company value is 0.116 > 0.05 and the calculated t is 1.595 < 1.99714 so it can be concluded that there is no influence of dividend policy on company value.
References
Al-Amin, A.-A., Alfia, N., Subeno, H., Andespa, W., & Sabri, S. (2023). The Effect of Claim Service Quality on the Decision to Buy Sharia Insurance Products (Case study on Sharia Insurance in Indonesia). GIC Proceeding, 1, 396–407.
Al-Amin, A.-A., & Andespa, W. (2022). Income and Cost Analysis of Profitability in the Baitul Maal Wa Tamwil Sidogiri Savings and Loans Cooperative, Mempawah Branch. JOVISHE: Journal of Visionary Sharia Economy, 1(1), 75–87.
Amin, A.-A., & Taufiq, M. M. (2023). Analisis Pengaruh Hifdz Al Maal Terhadap Pengelolaan Harta Pada Pedagang Muslim Pasar Aur Kuning Kota Bukittinggi. JESI (Jurnal Ekonomi Syariah Indonesia), 12(2), 163–169.
Asyari, A. (2016). Religiosity, Cultural Belief and Economic Behavior in Contemporary Moslim Minangkabau West Sumatera. International Journal Applied Business and Economic Reseacrh (IJABER), 14(13), 8813.
Asyari, A. (2022). Strengthen the resilience of small and Medium enterprises (SMEs) in covid-19 pandemic through the strengthening entrepreneurial orientation and religiosity (A conceptual framework).
Asyari, A. (2023). literature Review: The effect of prices and income on consumer choice and consumption in Islam.
Asyari, A., Hoque, M. E., Susanto, P., Begum, H., Awaluddin, A., Marwan, M., & Mamun, A. Al. (2024). Online cash waqf behavioral intention: the role of knowledge of cash waqf and trust. Journal of Islamic Marketing.
Asyari, A., Susanto, P., Hoque, M. E., Widianita, R., Alam, M. K., & Mamun, A. Al. (2024). Food waste behavioral intention in Islamic universities: the role of religiosity and pro-social behavior. International Journal of Ethics and Systems.
Endiana, I. D. M., & Suryandari, N. N. A. (2021). Opini Going Concern: Ditinjau Dari Agensi Teori Dan Pemicunya. EKUITAS (Jurnal Ekonomi Dan Keuangan), 5(2), 224–242. https://doi.org/10.24034/j25485024.y2021.v5.i2.4490
Ovami, D. C., & Nasution, A. A. (2020). Pengaruh Kebijakan Dividen Terhadap Nilai Perusahaan yang Terdaftar dalam Indeks LQ 45. Owner (Riset Dan Jurnal Akuntansi), 4(2), 331. https://doi.org/10.33395/owner.v4i2.247
Yulia, I., Rochman, A., & Andayani, S. (2023). Teori Sinyal Dalam Anomali Window Dressing 2022 Dan Penurunan Risiko Kredit Macet Pada Subsektor Perbankan : Studi Kasus Isu Resesi. 2(3).
Amaliyah, F., &; Herwiyanti, E. (2020). The influence of investment decisions, company size, funding decisions and dividend policies on the value of mining sector companies. Journal of Economic and Business Research, 5(1), 39-51.
Anwar Mokhamad. 2019. Fundamentals of Financial Management. Jakarta: Prenamedia Group.
Bararuallo Frans. 2010. Corporate value, concept, theory and application. Jakarta: Atma Jaya.
Debbi Chyntia Ovami and Ananda Anugrah Nasution, 'The Effect of Dividend Policy on the Value of Companies Listed in the LQ 45 Index', Owner (Accounting Research and Journal), 4.2 (2020), 331.
Faridah, N., &; Kurnia, K. (2016). The effect of investment decisions, funding, dividend policy, interest rates on company value. Journal of Accounting Science and Research (JIRA), 5(2).
Gustian, D. (2017). The effect of company growth, investment decisions, and funding decisions on company value (Empirical study on manufacturing companies listed on the Indonesia Stock Exchange 2010-2014). Journal of Accounting, 5(1).
Gustiandika, T., &; Hadiprajitno, P. B. (2014). The influence of investment decisions and funding decisions on company value with corporate governance as a moderating variable. Diponegoro Journal Of Accounting, 3(2), 1141-1152.
I Dewa Made Endiana and Ni Nyoman Ayu Suryandari, 'Going Concern Opinion: Reviewed from Theory Agency and Its Triggers', EQUITY (Journal of Economics and Finance), 5.2 (2021), 224–42
I Putu Hendra Sintyana and Luh Gede Sri Artini, 'The Effect of Profitability, Capital Structure, Company Size and Dividend Policy on Company Value', E-Journal of Management Udayana University, 8.2 (2018), 757
Ica, Y., Yahya, S. D., &; Sumarlin, A. (2021). The effect of divident payout ratio (dpr), debt to equity ratio (der) and return on equity (roe) on price book to value (pbv) in banking sub-sector companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Macakka Journal, 2(4), 188-198.
Indriantoro, Nur. (2018) Business Research Procedures for Management accounting. C.V Andi Offset. Yogyakarta.
Khikmah, N., Yusuf, M., &; Yohani, Y. (2020). The effect of profitability, solvency, profitability, liquidity, company size and investment decisions on company value. Balance Sheet, 16(1), 40-57.
Kodrat, DS, &; Herdinata, C. (2009). Financial Management: Based on Empirical Research.
Kurnia, D. (2019). Profitability, dividend policy and share price to company value. Journal of Accounting: Scientific Review of Accounting, 6(2), 182-186.
Manunggal, S. A. M. (2011). Islamic Ethics in Financial Management. Journal of Islamic Law, 9(1).
Margaretha, F. (2007). Financial management for the service industry. Jakarta: Grasindo.
Mayogi, D. G., &; Fidiana, F. (2016). The effect of profitability, dividend policy and debt policy on the value of the company. Journal of Accounting Science and Research (JIRA), 5(1).
Meidiawati, K., &; Mildawati, T. (2016). The effect of size, growth, profitability, capital structure, dividend policy on company value. Journal of Accounting Science and Research (JIRA), 5(2).
Ningrum Prawesti Endah . 2020 Corporate Value Concept and Application. Indramayu: Cv. Adanu Abimata.
Princess, H. E. (2020). Determine population and sample in Islamic economic and banking research. Retrieved October, Https://Www.Researchgate.Net/, IAIN Bukittinggi, 15, 2020
Puteri, H. E., 2023, Estimating the Effect of Dividend Policy and Share Price on Company Value in Jakarta Islamic Index, AKSY Journal, Volume 5, Number 2, 1-18
Sarwono, Jonathan. (2012). Thesis Procedures Quantitative Approach Using the SPSS method. PT. Alex Tools Komputindo.Jakarta.
Sinaga, K. C. K., Miftah, M., &; Wahyuningtyas, N. T. (2020, November). The influence of investment decisions and funding decisions on company value. In Proceedings of BIEMA (Business Management, Economic, and Accounting National Seminar) (Vol. 1, pp. 960-972).