FACTORS INFLUENCING FIRM VALUE WITH FIRM SIZE AS MODERATING VARIABLE
Article Sidebar
Read Counter : 10
Download : 16
Main Article Content
Abstract
This study aims to analyze the influence of capital structure and asset management on the firm value of property and real estate companies listed on the Indonesia Stock Exchange, with firm size as a moderating variable. The research utilizes purposive sampling, resulting in data from 35 companies during the 2020-2022. Data analysis was conducted using multiple regression analysis with the assistance of Eviews software version 13. The findings indicate that capital structure has a significant positive effect on firm value, while asset management has no significant effect on firm value. Furthermore, firm size weakens the relationship between capital structure on firm value while firm size does not influence the relationship between asset management on firm value.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This journal provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge.
IJAEB by Graduate Program of Universitas Tarumanagara is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.. Permissions beyond the scope of this license may be available at https://journal.untar.ac.id/index.php/ijaeb
References
Prabowo, K. W. (2023, September 9). Presiden: Sektor Properti Tahan Banting di Tengah Perlambatan Ekonomi. MetroTV News. https://www.metrotvnews.com/read/KvJCBGZx-presiden-sektor-properti-tahan-banting-di-tengah-perlambatan-ekonomi
Taufani, M. R. I. (2023, August 22). Beda dari China, Properti RI Justru Bangkit dari Kubur. CNBC Indonesia. https://www.cnbcindonesia.com/research/20230815184339-128-463258/beda-dari-china-properti-ri-justru-bangkit-dari-kubur
IDX. (2023). IDX Index Fact Sheet IDXPROPERT May 2023. IDX. https://www.idx.co.id/Media/idifgbfj/fs-idxpropert-2023-05.pdf
IDX. (2020). IDX Anually Statistic 2020. IDX. https://www.idx.co.id/Media/9628/idx_annually-statistic_2020.pdf
Santosa, P. W. (2020). The Moderating Role of Firm Size on Financial Characteristics and Islamic Firm Value at Indonesian Equity Market. Business: Theory and Practice, 21(1), 391–401. DOI: https://doi.org/10.3846/btp.2020.12197
Purwohandoko. (2017). The Influence of Firm’s Size, Growth, and Profitability on Firm Value with Capital Structure as the Mediator: A Study on the Agricultural Firms Listed in the Indonesian Stock Exchange. International Journal of Economics and Finance, 9(8), 103-110. DOI: https://doi.org/10.5539/ijef.v9n8p103
Jihadi, M., Vilantika, E., Hashemi, S. M., Arifin, Z., Bachtiar, Y., & Sholichah, F. (2021). The Effect of Liquidity, Leverage, and Profitability on Firm Value: Empirical Evidence from Indonesia. Journal of Asian Finance, Economics and Business, 8(3), 423–431. DOI: https://doi.org/10.13106/jafeb.2021.vol8.no3.0423
Kurniawan, R. N., & Susanti, M. (2023). Factors That Affect Firm Value in Manufacturing Firms. International Journal of Application on Economics and Business, 1(2), 871–879. DOI: https://doi.org/10.24912/ijaeb.v1.i2.871-879
Brigham, E. F., & Houston, J. F. (2019). Fundamentals of Financial Management. Boston: Cengage Learning, Inc.
Belinda, B., & Dewi, S. P. (2023). Factors Affecting Firm Value with Dividend Policy As Moderating Variable. International Journal of Application on Economics and Business, 1(2), 150-161. DOI: https://doi.org/10.24912/ijaeb.v1.i2.150-161
Panjaitan, I. V., & Supriati, D. (2023). The Effect of Profitability and Leverage on Firm Value with Firm Size as a Moderating Variable. Research of Finance and Banking, 1(1), 34–46. DOI: https://doi.org/10.58777/rfb.v1i1.34
Suzan, L., & Ramadhanti, A. (2022). Business Strategy, Asset Management, Capital Structure and Financial Performance of Food and Beverage Industry in Indonesia. Journal of Humanities and Social Studies, 7(1), 15-21. DOI: https://doi.org/10.33751/jhss.v7i1.7099
Hardani, Auliya, N. H., Andriani, H., Fardani, R. A., Ustiawaty, J., Utami, E. F., Sukmana, D. J., & Istiqomah, R. R. (2020). Metode Penelitian Kualitatif & Kuantitatif. CV. Pustaka Ilmu Group Yogyakarta. https://www.researchgate.net/publication/340021548
Pasaribu, N., Toni, N., & Simorangkir, E. N. (2021). Analysis of Financial Ratio to Firm Value in Manufacturing Sector Industrial Consumption Listed in Indonesia Stock Exchange Period 2018-2020. South East Asia Journal of Contemporary Business, Economics and Law, 24(6). 88-93.
Wirianata, H., & Wijoyo, A. (2020). Analisis Faktor-Faktor Struktur Modal dan Nilai Perusahaan. Jurnal Ekonomi, 25(3), 352-369. DOI: https://dx.doi.org/10.24912/je.v25i3.685
Stiyarini, & Santoso, B. H. (2016). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Jasa Telekomunikasi. Jurnal Ilmu dan Riset Manajemen, 5(2), 1-21
Putri, I. M., & Hastuti, R. T. (2022). Faktor yang Mempengaruhi Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. Jurnal Paradigma Akuntansi, 4(2), 479-488