The Influence of Investment Decisions and Funding Decisions on Shareholder Value (Study on Manufacturing Companies Listed on the Indonesia Stock Exchange Period 2016-2020)
| Main Authors: | Isma, Asna Af'idatul; University of Brawijaya, Nurlaily, Ferina; University of Brawijaya |
|---|---|
| Format: | Article info WorkOfArt application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
The Indonesian Journal of Accounting Research
, 2022
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| Subjects: | |
| Online Access: |
https://ijar-iaikapd.or.id/index.php/ijar/article/view/599 https://ijar-iaikapd.or.id/index.php/ijar/article/view/599/199 |
Daftar Isi:
- This research aims to determine and analyze the influence of investment and funding decisions on shareholder value. In this research, 44 manufacturing listed companies on the Indonesia Stock Exchange period 2016-2020 were used as research samples. The sampling method is purposive; taking the samples is based on the researcher's criteria in advance. Data analysis methods in this investigation use Partial Least Square (PLS) with SmartPLS 3. The results of this investigation indicate that 1) Investment decisions have a positive and significant effect on shareholder value. 2) Investment decisions have a positive and significant effect on funding decisions. 3) Funding decisions have a negative and significant effect on shareholder value. 4) Indirect effect; investment decisions negatively and significantly affect shareholder value through funding decisions.