THE INFLUENCE OF INVESTMENT DECISION, CAPITAL DECISION AND FINANCIAL PERFORMANCE ON THE COMPANY VALUES IN MANUFACTURE COMPANY REGISTERED IN INDONESIAN STOCK MARKET

Abstract

The value of a company reflected on the price of stock maket which is defined by
the company's growth and expected to provide positive signal for investment
opportunity. For investors the prospect of company that potentially fast growing
is hoped to get high income in return in the future as the result of the profit of
investment. This study is to examine the influence of investment decision, capital
decision and financial performance on the company value of manufacturing
company in Indonesian Stock Market (BEI). The population of this study is
manufacturing company registered in BEI, while the sample is manufacturing
company that accords the criteria in total of 40 companies using the data of 2008-
2010. Data analysis uses regression analysis for panel data with trust level 5%.
Financial performance and company value positioned as endogen variable, while
investment decision and capital decison as exogen variable, data analyzed by
eviews program. The finding shows that capital decision, financial decision
influenced significantly on financial performance with coeficient determination
value of 22%, and investment decision and financial performance influenced
significantly on company value with coeficient determination value of 19,77%.