CD Skripsi
Pengaruh Cash Flow Terhadap Investasi Perusahaan Yang Dimoderasi Oleh Kendala Pendanaan (Studi Pada Perusahaan Manufaktur Sektor Aneka Industri Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2015)
The purpose of this research is to know the influence of Cash Flow to the Firm Investment moderating by Financial Constraints with Sales and Tobin’s Q as a control variables. Dependent variable in this study is Firm Investment, while independents variable is Cash Flow. This research was conducted at Manufacturing company of miscellaneos industries sector which listed in Indonesia Stock Exchange (BEI) in the period of 2011-2015. The population in this research is 45 manufacturing companies of miscellaneos industries sector, with samples researched as many as 36 companies obtained by purposive sampling method. The data type used is secondary data obtained by using documentation method. The population in this study is manufacturing companies, specifically in miscellaneos sectors registered in Indonesia Stock Exchange for the period of 2012-2015. To analysis the data, this research used moderate regression analysis by using SPSS version 22.00 as the software for processing data. The results show that the Cash Flow, Financial Constraints, Sales and Tobin’s Q variables simultaneously have a significant effect on Firm Investment. Meanwhile partially, Cash Flow has a positive significant effect on Firm Investment. Financial Constraints has a negative significant effect on Firm Investment. Financial Constraints do not moderate effect of the Cash Flow on Firm Investment but have a positif effect. Sales and Tobin’s have a positive significant effect on Firm Investment.
Keyword : Firm Investment, Cash Flow, Financial Constraints, Sales and Tobin’s Q
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