文章基本信息

标题：Model of Corporate Value Improvement Through Investment Opportunity in Manufacturing Company Sector
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作者：Imam Faozi ; Imam Faozi ; Nunung Ghoniyah 等
期刊名称：International Research Journal of Business Studies
印刷版ISSN：2089-6271
电子版ISSN：2338-4565
出版年度：2019
卷号：12
期号：2
页码：185-196
语种：English
出版社：Prasetiya Mulya Publishing
摘要：This study aims to analyze the significance of the direct and indirect effect ofinstitutional ownership (INST), profitability (ROI), funding policy (DER), anddividend policy (Tobin’s Q) through investment opportunity (MV/BVE). Theresearch data used 21 samples of manufacturing companies listed on theIndonesia Stock Exchange (IDX) during the 2012-2016 period. Data analysisused path analysis with the help of EViews 9 and Sobel test to know the effect ofinvestment opportunity as an intervening variable. The interpretation findingsof the first line analysis model show that Profitability directly affects positivelyand significantly on Corporate Value. Whereas, based on second-line analysismodel, Funding Policy and Dividend Policy indirectly have significant effectson Corporate Value through Investment Opportunity variable. Simultaneously,all independent variables affect 97.45% of Investment Opportunities andamounted to 97.97% of Corporate Value through Investment Opportunities.
关键词：Corporate value;institutional ownership;profitability;funding policy;dividend policy;investment opportunity