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Journal : The Indonesian Journal of Accounting Research

The Influence of Investment Decisions and Funding Decisions on Shareholder Value (Study on Manufacturing Companies Listed on the Indonesia Stock Exchange Period 2016-2020) Asna Af'idatul Isma; Ferina Nurlaily
The Indonesian Journal of Accounting Research Vol 25, No 2 (2022): IJAR May - August 2022
Publisher : The Indonesian Journal of Accounting Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33312/ijar.599

Abstract

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.