Analisis Kebijakan Hutang dan Keputusan Investasi terhadap Nilai Perusahaan Telekomunikasi yang Terdaftar di Bursa Efek Indonesia

Abstract

This study aims to provide empirical evidence regarding debt policy and investment decisions in predicting firm value by contrasting each variable. The object of research is telecommunications companies listed on the Indonesia Stock Exchange for the 2019 2021 period, by disclosing and displaying the required data, using rupiah currency units in financial reporting and companies that have not suffered losses. The method used in selecting objects in this study was purposive sampling using secondary data involving 12 telecommunications companies listed on the Indonesia Stock Exchange for the 2019-2021 period with a three-year observation period of 36 sample companies. The analysis model used in this study is a multiple linear regression analysis model which was carried out with the help of the SPSS program. The results of the study were tested with the classical assumption test in the form of a normality test, multicollinearity test, heteroscedasticity test, hypothesis test and coefficient of determination test. Methods of data analysis using descriptive statistical analysis techniques and inferential statistical analysis. And the results show that debt policies and investment decisions have a significant effect on the value of telecommunications companies listed on the Indonesia Stock Exchange.