Tesis ini membahas hubungan kausal antara kebijakan dividen terhadap dividen, investasi dan utang (long term debt), kebijakan investasi terhadap keputusan dividen, investasi dan utang (long term debt) dan kebijakan pendanaan terhadap keputusan dividen, investasi dan utang jangka panjang. Dalam pengujian kebijakan deviden, investasi dan utang (long term debt1, sampel yang digunakan adalah seluruh perusahaan manufaktur yang terdiri dari tiga sub sektor yaitu industri barang konsumsi, industri dasar dan kimia serta berbagai industri dengan jumlah sampel 104 perusahaan manufaktur di periode 1997-2014). 2006. Variabel yang digunakan adalah dividen tunai yang dibayarkan perusahaan kepada pemegang saham, investasi dalam bentuk aset dan pendanaan dalam bentuk hutang jangka panjang. Pengujian ketiga variabel dividen, investasi dan pendanaan menggunakan Causality Ann Vector Autoregressive Amarah model dengan tingkat o = 10%, model sukses dalam memprediksi tiga variabel dividen, investasi dan utang jangka panjang, analisis dilakukan secara bersamaan.

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This thesis discusses the causal relationship between dividend policy on dividend, investment and debt (long term debt), investment policy on dividend decision, investment and debt (long term debt) and funding policy on dividend decision, investment and long term debt. In testing dividend, investment and debt policies (long term debt1, the sample used is all manufacturing companies consisting of three sub-sectors, namely the consumer goods industry, basic and chemical industry and various industries with a total sample of 104 manufacturing companies in the period 1997-2014). 2006. The variables used are cash dividends paid by the company to shareholders, investment in the form of assets and funding in the form of long-term debt.The test of the three dividend, investment and funding variables uses the Causality Ann Vector Autoregressive anger model with a rate of o = 10%, success model in In predicting the three variables of dividends, investments and long term debts, the analysis was carried out simultaneously.