THE INFLUENCE OF FINANCIAL PERFORMANCE, TAX AVOIDANCE, INVESTMENT DECISIONS, AND DIVIDEND POLICY ON FIRM VALUE WITH INSTITUTIONAL OWNERSHIP AS A MODERATING VARIABLE

Abstract

This research aims to analyze the influence of financial performance, tax avoidance, investment decisions, and dividend policy on firm value with institutional ownership as a moderating variable in companies listed on the Indonesia Stock Exchange for the period 2017 - 2021. Secondary data from financial reports and annual reports are used. In this study, the research population includes companies listed on the IDX from 2017-2021 and IPOs from at least 2016. The sample selection uses a purposive sampling technique, and the analysis method in this study employs multiple regression analysis. The results of this research show that financial performance has a positive effect on firm value, tax avoidance has a positive effect on firm value, investment decisions have no effect on firm value, dividend policy has no effect on firm value. Institutional ownership is able to strengthen the influence of financial performance on firm value, institutional ownership is able to strengthen the influence of tax avoidance on firm value, institutional ownership is able to weaken the influence of investment decisions on firm value, and institutional ownership is able to weaken the influence of dividend policy on firm value.