Abstract

The aims of this study were to analyze the influence of disclosure policy, funding policy, dividend policy on IOS and to analyze the difference of IOS influence on disclosure policy, fund policy and dividend policy in the company grow and not grow. The population in this study were companies listed on the Indonesia Stock Exchange there are 509 companies. The sample was chosen by purposive sampling method as many as 88 companies. Methods of data analysis used multiple linear regression analysis and independent t-test. The result of data analysis shows that the company disclosure policy has no effect on IOS. Funding policies as measured by Book Debt Equity companies had a significant effect on IOS. The dividend policy measured by the House of Representatives had no significant effect on IOS. There were IOS differences, disclosure policies, funding policies and dividend policies in the company growing and not growing.

Highlights

  • Determination of the right investment can be done based on the analysis of investment in the capital market, one way to use fundamental analysis

  • Different test results Dividend Yield of the company grew and grew showed no significant difference between Dividend Yield between the companies grow and not grow

  • Based on the results of data analysis can be concluded things as follows: 1. Corporate disclosure policy has no effect on Investment Opportunity Set (IOS) means any increase or decrease of corporate disclosure variable has no effect on IOS increase and decrease

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Summary

Introduction

Determination of the right investment can be done based on the analysis of investment in the capital market, one way to use fundamental analysis. This approach assumes that any securities have intrinsic value, that dividends, capital structure, and growth potential of the company (Hartono, 2007). Differences in the value of the shares are influenced by the company's internal condition which the company is a growing or not growing company and growth potential can be shown by the comparison between the value of stock market and the value of the book (Hartono, 2007). According to Smith and Watts (1992), company growth can be proxied by a combination of various values of Investment Opportunity Set (IOS)

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