THE INFLUENCE OF CAPITAL STRUCTURE AND DIVIDEND POLICY ON INVESTMENT DECISIONS

Abstract

The purpose of this research is to provide empirical evidence on the impact of capital structure and dividend policy on investment decisions in pharmaceutical companies listed  in Indonesian Sharia Stock Index in 2020 to 2022. Historical data were taken from the Indonesia Stock Exchange web page. The research population consists of 10 companies, but after applying the purposive sampling method, 4 companies were selected as research sample.  Data analysis was conducted using Panel Data Regression. The result of the research show that partially, Capital Structure show a negative and significant impact on Investment Decisions (Total Assets Growth) and Dividend Policy does not have a significant influence impact on Investment Decisions. While simultaneously, Capital Structure and Dividend Policy collectively influence Investment Decision.