Faktor-faktor yang mempengaruhi investasi perusahaan
P enelitian ini bertujuan untuk menguji pengaruh leverage, long term leverage, firm size, asset tangibility, return on asset, firm growth, liquidity, none debt tax shield terhadap firm investment. Sampel yang digunakan dalam penelitian ini adalah 96 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia periode 2014 – 2018. Metode analisis menggunakan data panel analisis regresi berganda.Berdasarkan hasil regresi data panel menunjukkan bahwa leverage, asset tangibility, dan none debt tax shield memiliki pengaruh positif terhadap firm investment. Return on asset memiliki pengaruh negatif terhadap firm investment, sedangkan long term leverage, liquidity, firm size dan firm growth tidak memiliki pengaruh terhadap firm investment. Hasil penelitian ini diharapkan dapat memberikan masukan bagi perusahaan dan investor agar mempertimbangkan nilai dari leverage, asset tangibility, none debt tax shield dan return on asset karena akan meningkatkan firm investment.
T his research aims to examine the effect of leverage, long term leverage, firm size, asset tangibility, return on assets, firm growth, liquidity, none debt tax shield on firm investment. The sample uses in this research is 96 manufacturing companies listed on the Indonesia Stock Exchange in the period 2014 - 2018. The method of analysis using multiple regression analysis panel data. Based on the results of panel data regression showed that leverage, asset tangibility, and none debt tax shield had a positive effect against firm investment. Return on assets has a negative effect on firm investment, while long term leverage, liquidity, firm size and firm growth have no influence on firm investment. The results of this study are expected to provide input for companies and investors to consider the value of leverage, asset tangibility, none debt tax shield and return on assets because it will increase firm investment