Effect Of Investment Decisions Research Articles

Effect of Investment Decisions, Funding Decisions, and Dividend Policy on the Value of the Company

Effect of Investment Decisions, Funding Decisions, and Dividend Policy on the Value of the Company

Effect of Investment Decisions on Efficiency of Deposit Taking Savings and Credit Cooperative Societies in Nairobi County, Kenya

With growing competition globally, SACCOs are directing their energies on investments to enhance their efficiency and so as to survive extreme competition. However, the decision to invest is subjective and a wrong investment decision can lead companies even to bankruptcy. Investment choices can also be made in compliance with the conditions in the markets, the portfolio level divergence, the results of fundamental and technical analysis, along with what the investors and managers expect and prefer. This study’s intent was to determine how investment decisions impact the efficiency of deposit taking SACCOs in Nairobi. The study’s population was all the 43 DT-SACCOs in Nairobi County, Kenya. The independent variable for the study was investment decisions with four measures; investment in real estate, investment in government securities, investment in fixed deposit and investment in shares. The control variables were liquidity, firm size and liquidity. Firm efficiency was the response variable which was the primary focus of the study. The study utilized secondary data from 2014 to 2018 (5 years) on annual basis. A descriptive cross-sectional design together with the multiple linear regression model were used for the analysis of the variables. For this analysis the researcher used the SPSS version 21 software. The findings gave an R-square value of 0.317 meaning that 31.7 percent changes in the efficiency of DT-SACCOs in Nairobi, Kenya can be attributed to the seven selected predictor variables while 68.3 percent changes of efficiency of DT-SACCOs was attributable to other factors outside the scope of the study. It was further revealed that the predictor variables showed a strong correlation with efficiency (R=0.563). ANOVA results show that the F statistic was substantial at 5% level with a p=0.000. This shows the model was suitable for the study to provide an explanation of the variables. The results also showed that investment in real estate, investment in government securities and investment in shares produced positive and statistically substantial values for this study while investment in fixed deposits, liquidity, firm size and age were found to be statistically insignificant determiners of efficiency. This study recommends that measures should be put in place to enhance investment in government securities, real estate and shares as these three have a substantial influence on efficiency of DT-SACCOs in Nairobi. Keywords: Investment decisions, firm efficiency, liquidity, firm size, firm age

The Impact of Investor Expectation on the Financial Decision-Making

Unlike traditional finance, behavioral finance challenges the traditional financial theory of investor rationality, emphasizing that investors are not absolutely rational in real life. This perspective provides new insights for understanding and predicting financial markets. This study examines core concepts in behavioral finance, such as loss aversion, market anomalies, momentum effects, reversal effects, endowment effects, and framing effects, and analyzes how they influence investors' financial decisions. These concepts highlight the significant role of human psychology and behavior in shaping financial decisions, thus aiding investors in making more rational choices in complex financial markets. Loss aversion, for instance, suggests that investors are more sensitive to losses than to gains, leading to suboptimal decision-making. Market anomalies, such as price bubbles and crashes, indicate that markets are not always efficient. Momentum effects suggest that past stock performance can predict future trends, while reversal effects point to the tendency of extreme stock performances to revert to the mean. The endowment effect reveals that individuals value their own possessions more highly than similar items they do not own. Lastly, framing effects demonstrate how the presentation of information can influence decision-making. Future research can delve deeper into how the framing effect can be harnessed to improve the design and marketing strategies of financial products, thereby enhancing the efficiency and effectiveness of investment decisions. This exploration could lead to more sophisticated financial products and better-informed investors, ultimately contributing to a more stable and efficient financial market.

The Effect of Investment Decisions on Financial Distress with Managerial Ownership as a Moderating Variable in Insurance Companies Listed on the IDX in 2017-2022

The Effect of Investment Decisions on Financial Distress with Managerial Ownership as a Moderating Variable in Insurance Companies Listed on the IDX in 2017-2022

The Effect of Investment Decisions, Capital Structure, and Dividend Policy on Financial Performance and Company Value in Banking Companies Listed on the Indonesia Stock Exchange for the 2019-2021 Period

Objective The purpose of the investigation are (1) analysis the effect of savings conclusion on monetary presentation and firm value (2) analysis the effect of monetary presentation and capital structure on firm value (3) analyis the effect of dividend policies on monetary presentation and on firm value (4) analysis the effect of monetary presentation on firm value. method: This study takes a quantitative approach using secondary data on the monetary reports of 21 bank business listed on IDX. The investigate was conducted from August to November 2021. Data were analysis using SMRPLS 3.0 using Structural Equation Modeling (SEM-PLS). and SPSS version 25. Results and conclusions: The outcomes of this investigate indicate that: (1) investment decisions, wealth construction and separated policy have an important influence on financial performance; (2) saving conclusion and separated rule have an important influence on the value of the company. (3) Wealth structure is not important to firm value (4) Indirectly, investment decisions, Wealth structure and separated policy have a important effect on firm value through financial performance. Research Implications: This investigation uses two methods namely illustrative and explanatory investigate. This investigation uses a illustrative method because the investigator tries to explain the results of the investigation through charts,photos and diagram about the data that were treated. Originality/value: Based on the results of investigate and discussion that have been done on the effect of investment decisions, wealth construction and separated rule ,on financial performance and firm value.

Effect of Investment Decisions, Funding Decisions and Dividend Policy on Firm Value with Firm Risk as Mediation on Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX)

The study aims to analyze the effect of (1) Investment Decisions on company risk, (2) Funding decisions on company risk and (3) Dividend policy on company risk. (4) Investment decisions on company value, (5) Funding decisions on firm value (6) Dividend policy on firm value (7) Corporate risk on firm value (8) Investment decisions, funding decisions and dividend policy on firm value by mediating firm risk. with Manufacturing performance proxies listed on the Indonesia Stock Exchange in 2017-2021. The study used one control variable: firm value and one mediating variable: firm risk. The population in this study is all manufacturing companies listed on the Indonesia Stock Exchange. While the samples in the study were determined by the purposive sampling method, the Manufacture company's samples for three consecutive years from 2017-2021, resulting in a samples count of 33 companies with 193 observations for each variable. The analysis method used path analysis using the IBM SPSS Statistics 26 program.
 The results of this study concluded that (1) investment decisions with PER have no effect on company risk, (2) DER funding decisions have a significant effect on company risk, (3) dividend policy has a significant effect on company risk (4) investment decisions with PER have an effect on firm value (5) Funding decisions with DER have no effect on firm value (6) Dividend policy with DPR has no effect on firm value (7) Company risk with DCL has no effect on firm value (8) Investment decisions with PER through corporate risk mediation has no effect on firm value (9) Funding decisions with DER through firm risk affect firm value (10) Dividend policy with DPR through firm risk does not affect firm value

Investment Decisions of Energy Sector Companies on the Indonesia Stock Exchange: Theory and Evidence

This paper focused on strategic corporate financial decisions regarding investments to increase firm value moderated by profitability in emerging markets. The analytical method used was panel data analysis, with a total number of observations of 260 energy sector companies on the Indonesia Stock Exchange in 2019-2021. The results of the Chow Test, Hausman Test, and Lagrange Multiplier Test show the selected random effect model. The model shows that there is an effect of investment decisions on firm value in a positive direction and the moderating role of profitability strengthens this effect. The results of the robustness check show that the research model is still consistent with previous findings. Investment decisions have an effect on firm value, and profitability moderates this effect, both in the assumption of changes in control variables or model estimation using quantile regression. Our findings are in line with the idea of ​​signaling theory that information on the company’s investment decisions is a positive signal that the company has good growth opportunities or prospects so that it will increase the firm value and ultimately have an impact on the prosperity of shareholders. Furthermore, profitability strengthens the positive signal of the company’s reputation in the eyes of investors.

Effect of Selected Investment Decisions on Financial Performance of Listed Manufacturing Companies in Nairobi Securities Exchange

Purpose: The Manufacturing companies in Kenya play a vital role in the advancement of the National gross domestic product. Over the last two decades, the government of Kenya has been keen to improving infrastructure and creating an enabling environment to foster local Manufacturing sector. However, despite the effects being geared to the sector, reports has shown that very little growth has been achieved. Increasing competition, high cost of inputs and inadequate contingency planning and investment decisions have contributed to the declining growth. The main objective of this research study was to find out the effect of investment decisions on financial performance of listed manufacturing firms in Nairobi Securities Exchange. Specifically to aim establish the effect of renewal decision and expansion decision on financial performance of listed manufacturing firms in Nairobi Securities Exchange.
 Methodology: The study adopted the resource based theory and modern portfolio theory to give an empirical discussion of the selected variables. The study relied on secondary data available for the findings. The observations used were from the year 2015 to 2019 and the population was comprise of 9 companies listed in NSE under manufacturing and allied. Descriptive and inferential statistics conducted to analyze the data collected. Correlation and regressions analysis conducted as the analytical tools to enable interpretation of the relationship of the study selected variables. After analysis the findings were presented in tables and figures.
 Findings: The study established that there was a significant relationship between the investment decisions on the financial performance of the listed manufacturing companies in Kenya. Further, the study showed that expansion decision had a negative impact on return on equity performance. The interpretation was that expansion decision is an increase in firms’ costs hence negatively affects financial performance. The R-squared were found to be 0.570094 and Adjusted R-squared 0.533507 respectively for ROE. This show that averagely investment decision taken are relevant in explaining the financial performance for listed manufacturing companies in Kenya.
 Unique contribution to theory, practice and policy: The study concludes that, there is the need for enterprises especially those within the stock market to have management policy that work towards enhancing the Renewal and expansion Decisions and investing substantial resources toward this goal to improve financial performance.

The Effect of Investment Decisions, Dividend Policy, and Earnings Per Share on the Value of The Companies In The Lq45 Index

This study aims to determine the effect of investment decisions, dividend policy, and earnings per share on the value of companies incorporated in the LQ45 index for the 2017-2020 period. This research is a type of quantitative research. The population in this study amounted to 66 companies, using purposive sampling technique, the research sample obtained was 17 companies. The analytical method used in this research is multiple linear regression. The results of the study show that: (1) investment decisions have a positive effect on firm value. (2) Dividend policy has a positive effect on firm value. (3) Earning per share has no effect on firm value. Keywords: Investment Decision (PER), Dividend Policy (DPR), Earning Per Share (EPS), and Company Value(PBV)

The Effect of Investment Decisions, Funding, And Profitability on Company Value with Corporate Governance as Moderating Variables

The Effect of Investment Decisions, Funding, And Profitability on Company Value with Corporate Governance as Moderating Variables

The Effect of Investment Decisions and Funding Decisions on Company Value with Dividend Policy as Intervening Variables

In a company has a long-term goal of optimizing the value of the company. The value of a company is a reflection of the value of its share price. In the process of maximizing company value, the company's management can implement three policies, namely financing/funding, investment, and dividend policies. The purpose of this study is to find out how the influence of investment decisions, funding decisions, and dividend policies on firm value in banks listed on the Indonesia Stock Exchange for the 2015-2019 period. The type of data used in this research is secondary data. The population that will be used in this study is all banks listed on the IDX in the 2015–2019 period. The results of this study indicate that there is a significant positive effect between investment decisions on firm value with a probability value of 0.0006; there is a significant positive effect between funding decisions on firm value with a probability value of 0.0193; there is a significant effect between dividend policy on firm value with a probability value of 0.0058; and there is a significant mediating effect by dividend policy on the relationship between investment decisions and firm value and on the relationship between funding decisions and firm value..

Pengaruh Keputusan Investasi, Kebijakan Hutang dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Sub-Sektor Kimia yang Terdaftar di Bursa Efek Indonesia (BEI)

This study aims to examine the effect of investment decisions, debt policy and profitability on firm value. The value of this company is measured by price to book value, using data from chemical sub-sector manufacturing companies listed on the Indonesian stock exchange. This study uses a quantitative approach. This study is 13 chemical sub-sector manufacturing companies listed on the Indonesian stock exchange with a sample of 11 companies. The sample was selected using a random sampling method, namely taking members of the sample and the population was carried out randomly without paying attention to the strata in the population. This study used secondary data in the form of annual financial reports. The analysis used in this study was multiple linear regeneration analysis to see if there were or Whether or not the influence of two or more independent variables on the dependent variable either jointly or individually. Before being tested with multiple linear regression, a classical assumption test is first performed.The results showed that together the independent variables of investment decisions, debt policy and profitability simultaneously have a significant effect on firm value and partially investment decisions have a significant effect on firm value while debt policy and profitability partially have no significant effect on firm value

Pengaruh Keputusan Investasi, Keputusan Pendanaan Dan Kebijakan Deviden Terhadap Nilai Perusahaan (Studi Empiris Perusahaan Manufaktur yang Terdaftar di BEI Periode 2015-2019)

This study aims to see the effect of investment decisions, dividend decisions and policies on firm value. In this study, company value is measured by PBV, investment decisions as measured by PER, decisions measured by DER and dividend policy as measured by the DPR. This type of research is secondary data from annual reports of manufacturing companies listed on the Jakarta Stock Exchange, and has been published, such as: data from the Indonesia Stock Exchange (IDX), journals, internet www.idx.co.id and related company websites. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019, with the total number of food and beverage manufacturing companies listed on the Indonesia Stock Exchange as many as 14 companies, so for sample selection all populations were sampled. The analytical method used is multiple linear analysis using SPSS.22 data processing. The results of this study are the effect of positive decisions on firm value, no influence on decisions on firm value, no influence on dividend policy on firm value and investment decisions, funding decisions and policies that simultaneously do not affect firm value.

Analisis Nilai Perusahaan dari Segi Keputusan Investasi, Struktur Modal, dan Kinerja Keuangan (Studi Kasus Pada Perusahaan Sub Sektor Food and Beverage yang Terdaftar di Bursa Efek Indonesia periode 2015-2019)

This study aims to examine the effect of investment decisions, capital structure, and financial performance on company value carried out in the food and beverage sub-sector companies listed on the IDX for the 2015 - 2019 period. This study took samples from companies in the food and beverage sub-sector with a total population of 26 companies. The technique used in sampling is purposive sampling. Based on these techniques obtained a sample of 12 companies. Based on the results of the partial test research, investment decisions have no significant effect on firm value, capital structure has a significant effect on firm value, and financial performance has a significant effect on firm value. Meanwhile, based on the simultaneous test, the investment decision variables, capital structure and financial performance have a significant effect on firm value.
 
 Keywords : investment decisions, capital structure, financial performance, and firm value

The Effect of Investment Decision, Financing Decision, Dividend Policy on Firm Value

This study aims to determine the influence of investment decision, financing decision, dividend policy on firm value. Using purposive sampling method, 22 firms in the food and beverage industry listed in Indonesia Stock Exchange for the period 2016-2018 were selected as samples. Data were analyzed using multiple linear regression. It is concluded that Investment Decision (PER) has a positive and significant effect on firm value, supports the Signaling Theory which explains the relationship between investment decision and firm value. Financing Decision (DER) has no effect on firm value, according to Trade Off Theory which explains that at a certain level of debt, tax savings (tax shields) from additional debt will be equal to the cost of financial distress. Dividend Policy (DPR) has a positive and significant effect on firm value, supported by the Signaling Theory which states that good quality firms will deliberately give signals to the market. The results of the suitability test model show that simultaneously investment decision (PER), financing decision (DER) and dividend policy (DPR) influence firm value.
 Keywords: Firm value, investment decision, financing decision, dividend policy
 ABSTRAK
 Penelitian ini bertujuan untuk mengetahui pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan. Dengan menggunakan metode purposive sampling, 22 perusahaan di industri makanan dan minuman yang terdaftar di Bursa Efek Indonesia periode 2016-2018 dipilih sebagai sampel. Analisis data menggunakan regresi linier berganda. Disimpulkan bahwa Keputusan Investasi (PER) berpengaruh positif dan signifikan terhadap nilai perusahaan, mendukung teori Signaling yang menjelaskan hubungan keputusan investasi dengan nilai perusahaan. Keputusan Pembiayaan (DER) tidak berpengaruh terhadap nilai perusahaan, menurut Trade Off Theory yang menjelaskan bahwa pada tingkat hutang tertentu, penghematan pajak (tax shields) dari tambahan hutang akan sama dengan biaya financial distress. Kebijakan Dividen (DPR) berpengaruh positif dan signifikan terhadap nilai perusahaan, didukung oleh Signaling Theory yang menyatakan bahwa kualitas perusahaan yang baik akan dengan sengaja memberikan sinyal kepada pasar. Hasil uji kesesuaian model menunjukkan bahwa secara simultan keputusan investasi (PER), keputusan pendanaan (DER) dan kebijakan dividen (DPR) berpengaruh terhadap nilai perusahaan.
 Kata kunci: nilai perusahaan, keputusan investasi, keputusan pendanaan, kebijakan dividen

PENGARUH KEPUTUSAN INVESTASI DAN KEPUTUSAN PENDANAAN PADA NILAI PERUSAHAAN

The value of the companyll is the investor's perception of the success rate of the companies which are related to the share price. The objectives of this research are to find out the effect of investment decisions, investment decisions, and funding decisions, etc. on company values ​​etc. in the manufacturing of the Food and Beverages sub-sector, which are listed in the Indonesian Stock Exchange III 2014-2018.
 The population in this research is all food and beverage sub-sector companies which are listed in the Indonesian Stock Exchange in 2014-2018 as many as 26 companies, the method of determining samples in this research is all by using the purposive sampling method. A total of 11 samples obtained were 11 companies. Types of data used in this research are all secondary datall, data analysis techniques etc. used in this research are all descriptive statistical analysis, classical assumption test, multiple regression analysis, F test and etc.
 Darill's research results can be seen that: 1) The investment decision II measured by the Pricell Earnings 11 Ratioll (PER) has a positive effect on the firm's value) seen from the value of the significance level of 0.000 (sig. <0.05) with a coefficient of 0.170 2) Funding decisions III are measured by Debt toll Equity Ratioll (DER) and have a significant negative effect on the company's variable values ​​etc. seen from the significant values ​​of 0.027 and the coefficients of funding decisionsll is -1.207 This means variable debt equity decisions etc are measured by Debt toll Equity Ratioll etc. ) has a significant negative effect on the variable value of the company. So it can be said that all H2 is rejected or not supported. This will explain that the decision and funding that a company will do is to use all funding through debt etc. which is more than using all funding through equity.

PENGARUH KEPUTUSAN INVESTASI, KEBIJAKAN DIVIDEN DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN SEKTOR PROPERTY, REAL ESTATE DAN BUILDING CONTRUCTIONS YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE TAHUN 2016-2018

Penelitian ini bertujuan untuk mengetahui pengaruh Keputusan Investasi, Kebijakan Dividen dan Kebijakan Hutang terhadap keputusan Nilai Perusahaan Perusahaan sektor Property, Real Estate dan Building Contructions periode tahun 2016-2018. Hasil uji koefisien determinasi dimana nilai adjusted rsquare variable Keputusan Investasi (X1), variabel Kebijakan Dividen (X2) dan variabel Kebijakan Hutang (X3) sebesar 90.5%, yang berarti bahwa nilai koefisien deteriminasi variabel Keputusan Investasi (X1), variabel Kebijakan Dividen (X2) dan variable Kebijakan Hutang (X3) mempunyai faktor dominan yang mempengaruhi variable Nilai Perusahaan (Y). Berdasarkan hasil regresi linier berganda didapatkan persamaan Ŷ = -1.972 + 0.071 + 0.018 + 0.602. Dari hasil pengujian hipotesis menyatakan terdapat pengaruh variabel Keputusan Investasi (X1), Kebijakan Dividen (X2) dan Kebijakan Hutang (X3) terhadap Nilai Perusahaan (Y). Hasil dari uji parsial t dimana nilai signifikan variabel Keputusan Investasi (X1) sebesar 0.000<0.05, nilai signifikan variabel Kebijakan Dividen (X2) sebesar 0.000<0.05 dan nilai signifikan variable Kebijakan Hutang (X3) sebesar 0.022<0.05.

Pengaruh Profitabilitas, Kualitas Laba Dan Keputusan Investasi Terhadap Nilai Perusahaan

The purpose of this study was to analyze: (1) The effect of profitability on firm value. (2) The effect of earnings quality on firm value. (3) The effect of investment decisions on firm value. The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2014-2018. While the sampling technique in this study is using purposive sampling technique with a total sample of 300 samples. The data analysis method used is multiple regression using SPSS 25 software. The results of this study indicate that: (1) profitability has a positive and significant effect on firm value with a significance of 0.000 < 0.05. (2) earnings quality has a positive and insignificant effect on firm value with a significance of 0.757 > 0.05. (3) investment decisions have a positive effect and not on the value of the company with a significance of 0.418 > 0.05

Pengaruh Keputusan Investasi Dan Makro Ekonomi Melalui Operasional Terhadap Nilai Perusahaan

This study aims to determine and analyze the effect of investment decisions and macroeconomics through operations to firm value. This study uses a quantitative approach. the data analysis method used in this study is the Smart Partial Least Square (PLS) software. The effect of investment decisions on operations, the relationship between the two variables is a significant negative. The effect of investment decisions with firm value, the relationship between the two variables is significantly positive. The influence of macroeconomics on operations, the relationship between the two is negative is not significant. The influence of macroeconomic with firm value, the relationship between two variables is not significant positive. The operational effect on firm value, the relationship between the two variables is significantly positive.

Effect of Investment Decision and Tax Management on Stock Liquidity

The purpose of this study investigate effect of investment decisions, tax management on stock liquidity and investigate the effect of investment decisions, tax management on stock liquidity which moderated by liquidity. Novelty in the study is on the measurement of tax management variables, the contribution of this study is to introduce a new measurement of tax management and to provide information about investor responses and prospective investors in the stock market on tax management by companies in the context of Indonesia. The population of this study is manufacturing companies listed on the Indonesia Stock Exchange, determination of study samples using purposive sampling method with the criteria listed before 2015, complete data and non-delisting so as to obtain 127 manufacturing companies with 5 years observation year (2014-2018) and obtained 635 company years data, multiple regression analysis and moderate regression analysis (MRA) were used in this study. Research findings: 1) Investment Decisions, Tax Management simultaneously influences and significant affects Stock Liquidity. 2) Investment Decisions have an effect and significant on Stock Liquidity. 3) Tax Management has an effect and is not significant on Stock Liquidity. 4) The effect of Investment Decisions on Stock Liquidity is not moderated by liquidity. 5) The effect of Tax Management on Stock Liquidity is not moderated by liquidity.