Abstract
This study aims to analyze and determine the effect of financial management functions in the form of investment decisions, funding decisions and dividend policies on profitability and corporate value in publicly listed companies within consumer goods industry in Indonesia during 2013-2015.
 The population of the consumer goods industry sector that went public (www.idx.co.id) was 37 issuers and examined the financial statements of 32 issuers that distributed dividends in 2013-2015. This research is a quantitative study of causality among several variables. The data used are cross section data and secondary data types in the form of financial reports published on the Indonesia Stock Exchange, literature and research from other parties.
 By using financial ratios related to financial management functions: investment decisions, funding decisions, dividend policy as an independent variable and profitability and firm value as the dependent variable, using path analysis assisted with the SPSS version 20, can be seen the magnitude of influence shown by the path coefficient on each path diagram of the causal relationship between the independent variables to the dependent variable.
 The results showed that the functions of financial management have a significant effect on profitability. Investment decisions and profitability of companies have a positive and significant effect on firm value, while funding decisions and dividend policies have no significant effect on firm value. Proficiency does not have a significant effect in mediating the functions of financial management on firm value. But in terms of probability, it helped strengthen the influence of financial management functions on corporate value.
Highlights
Research Background Sukmawati Sukamulja (2017: 285) said that consumer goods sector is a sector with a second market capitalization in Indonesia after the financial sector, this sector is relatively stable from economic fluctuations because it is needed by the community
RESEARCH METHODOLOGY This research focuses on the Effect of Investment Decisions (X1) projected in the investment opportunity ratio measured by the ratio between retained earnings and total assets (Retained Earning / Total Assets), Funding Decisions (X2) projected in the debt ratio measured by the ratio between debt and total assets (D / A), and Dividend Policy (X3) projected in the dividend payout ratio (DPR) to Profitability (Y1) projected in the ratio of return on equity (ROE) and Company Value (Y2) projected in price Closing Stock Price
Descriptive Statistics According to substructure equation 1: Y1=PY1X1+PY1X2+PY1X3+e1, where Y1 = Profitability (ROE); X1 = Investment Decision (R/A); X2 = Funding Decision (D/A); dan X3 = Dividend Policies (DPR); P = Beta Standardized; dan e1 = error
Summary
Research Background Sukmawati Sukamulja (2017: 285) said that consumer goods sector is a sector with a second market capitalization in Indonesia after the financial sector, this sector is relatively stable from economic fluctuations because it is needed by the community. Consumer goods group shares are non-cyclical shares, meaning that they are always needed whatever the economic conditions at the time so that the demand for this product is relatively constant regardless of the price. The company is one of the drivers of development, the company has several functions and financial functions are very broad and dynamic field. This field is an important part of company activities. Resources owned by the company to be managed in addition to human resources are sources of funding, namely resources in the form of funding to support company activities which will directly affect the company's performance
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