Pengaruh Aliran Kas Bebas, Keputusan Pendanaan, dan Konsentrasi Kepemilikan Institusional terhadap Nilai Pemegang Saham pada Perusahaan Manufaktur yang Terdaftar di BEI

The purpose of this research is to examine the influence of free cash flow, financing decision and institutional ownership. The samples in this research is 24 manufacturing companies listed in Indonesia Stock Exchange IDX through the years 2012-2016. The analyzing technique used is moderated regression analysis (MRA) using the program SPSS 20.. This study used the shareholder value as the dependent variable, while the independent variable is free cash flow, financing decision, and institutional ownership concentratio. The result of this study indicates that the simultaneous testing (F-test), the variables free cash flow, financing decisions and institutional ownership concentration has a significant positive effect on the shareholder value. In a partial test (T-test), the variables free cash flow moderated also showed significant positive effect, but the variable financing decision showed significant negative effect, while the institutional ownership concentration and the financing decision set does not show significant result