Accounting (Jan 2021)

Investment decisions as mediating of fundamental and technical factors on firm value

  • Romamti, Fedy,
  • Wiksuana, I Gusti Bagus,
  • Purbawangsa, Ida Bagus Anom,
  • Sedana, Ida Bagus Panji

DOI
https://doi.org/10.5267/j.ac.2021.5.004
Journal volume & issue
Vol. 7, no. 7
pp. 1661 – 1668

Abstract

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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.