ANALISIS FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEPUTUSAN INVESTASI DENGAN GROWTH OPPORTUNITY SEBAGAI MODERATING VARIABEL

Abstract

The investment decision for the shareholders is very important because the investments used as indicators of the company's existence. The company's growth is expected to give a positive aspect for the company thereby increasing the investment opportunities and the viability of the company. This study aimed to examine the effect of investment opportunities to the investment decision, examines the effect the profitability of investment decisions, examine the effect of dividend policy on investment decisions, examine the effect of the debt policy investment decisions, and examine whether the growth opportunity is able to moderate the relationship of investment opportunities, profitability, dividend policy , and debt policy investment decisions. This study focused on companies that have gone public and is listed on the Indonesia Stock Exchange for the period 2013-2015. The sampling method used is purposive sampling and sample as many as 46 companies. Data were analyzed using multiple linear regression and moderated regression analysis (MRA) results showed that the investment opportunity has positive influence on investment decisions, profitability, positive influence on the investment decision, dividend policy does not affect the investment decision, the debt policy has positive influence on investment decisions, growth opportunity is able to affect the relationship between investment opportunities with investment decisions, growth opportunity was not able to affect the relationship between profitability and investment decisions, growth opportunity was not able to affect the relationship between dividend policy with investment decisions, and the growth opportunity is able to affect the relationship between the debt policy with investment decisions.

Keywords: Investment, Profitability, Dividend, Debt.