Adinda Rizki Amalia, 7211418102 (2022) PENGARUH FREE CASH FLOW, KEPEMILIKAN MANAJERIAL, DAN KEPUTUSAN PENDANAAN TERHADAP NILAI PERUSAHAAN DENGAN GROWTH OPPORTUNITY SEBAGAI VARIABEL MODERATING. Under Graduates thesis, Universitas Negeri Semarang.

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Abstract

Firm value is an investor's view of a company. The value of the company will be reflected in the stock price. The higher stock price means that higher the rate of return to investors so that the value of the company is also high. The purpose of the study was to analyze the effect of free cash flow, managerial ownership, funding decisions on firm value with growth opportunity as a moderating variable. The population in this study are property and real estate sector companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021. The research method used is purposive sampling with a sample of 127 units of analysis. Analysis of research data using Moderated Regression Analysis (MRA). Based on the estimation of model selection, the Random Effect Model (REM) was chosen to be the right model to test the hypothesis in the study. The results showed that free cash flow and funding decisions had a positive effect on firm value. Managerial ownership has no effect on firm value. Growth opportunity can not able to moderate the relationship of free cash flow, managerial ownership, and funding decisions to firm value. Thus, it can be concluded that free cash flow and funding decisions have a positive effect on firm value. Suggestions for companies are expected to pay attention to important factors that add value to the company. For further researchers, it is hoped that they can add variables outside of the variables tested and increase the range of years of research.

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