The Moderation of Growth on Corporate Value Enhancement in Indonesian Manufacturing Industry

This article aims to analyze the effect of funding policies, investment opportunities, and dividend policy on corporate value. Besides that, this article also analyzes the role of corporate growth in moderating the influence of funding policy, investment opportunity, and dividend policy on corporate value. Research data used the manufacturing sector companies listed on the BEI during 2012-2016. Data analysis used path analysis with eviews 9. The interpretation of path analysis model shows that funding policy and dividend policy have a significant negative effect on corporate value, and investment opportunity has a significant positive effect on corporate value. In addition, corporate growth is a moderating variable for the effect of investment opportunities on corporate value. Simultaneously, all independent variables affect the corporate value of 98.81%.