Open AccessInvestment decisions as mediating of fundamental and technical factors on firm value
Author(s) -
Fedy Romamti,
I Gusti Bagus Wiksuana,
Ida Bagus Anom Purbawangsa,
Ida Bagus Panji Sedana
Publication year - 2021
Publication title -
accounting
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.175
H-Index - 5
eISSN - 2369-7407
pISSN - 2369-7393
DOI - 10.5267/j.ac.2021.5.004
Subject(s) - profitability index , leverage (statistics) , enterprise value , capital call , investment decisions , market value added , stock exchange , investment (military) , business , stock (firearms) , monetary economics , return on investment , economics , value (mathematics) , microeconomics , finance , profit (economics) , production (economics) , mechanical engineering , individual capital , machine learning , financial capital , politics , computer science , political science , law , engineering
This study aims to analyze the impact of fundamental and technical factors on firm value with investment decisions as a mediating variable. The samples were 12 companies at agricultural sector in the Indonesia Stock Exchange. The results show that leverage had a negative and significant effect on investment decisions and firm value. Profitability and trading volume had a positive and significant effect on investment decisions and firm value. Previous stock prices did not have any significant effect on investment decisions but a positive and significant effect on firm value. Investment decisions had a positive and significant effect on firm value. Leverage had a negative and significant effect on firm value through investment decisions. Profitability and stock trading volume had a positive and significant effect on firm value through investment decisions. Previous stock prices did not have any significant effect on firm value through investment decisions.