AN EMPIRICAL ANALISIS OF FIRM VALUE: A Case Study of Indonesian Real Estate Company
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Psychosocial Rehabilitation, Vol.24, Issue 02
Abstract
The firm value is still a current issue that is often discussed by various groups in the world of the economy
both corporate owners, investors, governments, economic observers and researchers in various studies and financial
literacy of the company. The question is how do companies increase the firm value of their companies? And what factors
determine the firm value in the field of property and real estate in Indonesia. This study was conducted to analyze whether
Capital Expenditure, Leverage, Agency Cost and Profitability have an influence on Firm Value on the Indonesia Stock
Exchange in the property and real estate business in 2013-2018. All variables proposed in this study were formed based on
literature studies. a total of 65 companies as a population and a sample of 39 companies. Panel data regression method is
chosen by the researcher in this research. Panel data regression analysis results show that only the capital expenditure
variable does not have an impact on firm value, while other independent variables have an impact on firm value. Based on
testing that has been done, expected to be a source of information for investors before investing. For companies, the results
of this study become a reference for improving financial performance to increase firm value.
Description
Keywords
Capital Expenditure, Leverage, Agency Cost, Profitability, Firm Value