<![CDATA[The purpose of this study is to analyze the effect of financial policy on firm value. The population in this study were 100 manufacturing companies listed on the Indonesian stock exchange. The sample in this study were 20 manufacturing industry companies based on grouping in the Indonesia Capital Market Directory (ICMD) which published their financial statements continuously for four consecutive years, namely, 2013 to 2017, the financial statements ended December 31, the Company must not shows the existence of a total equity balance and a negative profit on its financial statements, remains active in the trading of the Indonesia Stock Exchange during the period 2013 to 2017. Investment decisions have a negative and not significant effect on the value of the company. It means that investment decisions taken by managers are not feasible in creating value for the company's shareholders. Funding decisions have a positive and not significant influence on the value of the company. That is, the decisions taken by managers are feasible in determining value creation for the company even though it is not yet significant. Dividend policy has a negative and significant influence on the value of the company. This means that the company has implemented a decent enough policy to create value for investors and shareholders of the company. Governance has a positive and not significant effect on the value of the company. This means that governance has not been implemented as a viable system in generating total asset value, total equity share value and the company's market value.]]>
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