The Effect Of Profitability, Company Size, Funding Decisions And Investment Decisions On Firm Value (Study Of Property And Real Estate Sector Companies Listed On The Indonesia Stock Exchange For The Period 2021-2023)
DOI:
https://doi.org/10.37676/jmea.v4i1.753Keywords:
Profitabiliy, Firm Size, Investment DecisionAbstract
This study aims to analyze the influence of Profitability, Firm Size, Financing Decisions, and Investment Decisions on Firm Value in the property and real estate sector listed on the Indonesia Stock Exchange (IDX) during the period 2021–2023. The approach used is a quantitative method with secondary data obtained from the annual financial reports of 93 companies selected through purposive sampling based on specific criteria. The analysis technique used is panel data regression with the assistance of SPSS 25 software to test the relationship between variables. The results of the study indicate that Profitability and Investment Decisions have a positive and significant influence on Firm Value. Conversely, the variables of Company Size and Financing Decisions did not show a significant effect on Company Value. These findings imply that increasing profitability and making appropriate investment decisions can be key strategies in increasing company value in the property and real estate sector.
Downloads
References
Asmanto, M. R., & Andayani, A. (2020). Pengaruh profitabilitas, struktur modal, growth opportunity, dan keputusan investasi terhadap nilai perusahaan. Jurnal Ilmu dan Riset Akuntansi (JIRA), 9(3).
Bafera, J., & Kleinert, S. (2023). Signaling theory in entrepreneurship research: A systematic review and research agenda. Journal of Business Venturing, 38(2), 106302.
Fauziah, F., & Jamal, S. W. (2020). Analisis Pengaruh Leverage , Financial Performance Firm Size Dan Sales Growth Terhadap Firm Value Pada Perusahaan Manufaktur. 4(2), 125–146.
Hadli, H., Ermeila, S., & Mario, A. (2023). Pengaruh Intellectual Capital Terhadap Kinerja Keuangan Perusahaan Manufaktur Yang Terdaftar Di Bei Periode Tahun 2016-2020. EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis, 11(1), 507-514.
Harahap, S. S. (2018). Analisis Kritis atas Laporan Keuangan (12th ed.). Jakarta: Rajawali Pers.
Hidayatullah, H., Hadli, H., Ungkari, M. D., Wahyuni, L., Astuti, T. D., Sari, N., ... & Arifin, A. (2023). Penganggaran Perusahaan.
Ikraam, I., & Ariyanto, A. (2020). Pengaruh Struktur Kepemilikan Asing Dan Intensitas ModalPerusahaan Terhadap Praktik Penghindaran Pajak. In FORBISWIRA FORUM BISNIS DAN KEWIRAUSAHAAN (Vol. 10, No. 1, pp. 27-37).
Jesilia, J., & Purwaningsih, S. (2020). Pengaruh keputusan investasi, keputusan pendanaan dan kebijakan dividen terhadap nilai perusahaan. Profita: Komunikasi Ilmiah dan Perpajakan, 13(1), 157-164.
Kasmir. (2021). Analisis Laporan Keuangan (11th ed.). Jakarta: Rajawali Pers.
Lacrima, S. A., & Ardini, L. (2021). Pengaruh Struktur Modal, Profitabilitas, Pertumbuhan Perusahaan, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan Manufaktur. Jurnal Ilmu Dan Riset Akuntansi (JIRA), 10(11).
Masyita, E., & Harahap, K. K. S. (2018). Analisis kinerja keuangan menggunakan rasio likuiditas dan profitabilitas. Jurnal Akuntansi Dan Keuangan Kontemporer (JAKK), 1(1), 33-46.
Prasetyorini, B. F. (2013). Pengaruh Ukuran Perusahaan, Leverage, Price Earning Ratio Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Ilmu Manajemen, 1(1), 183–196.
Sawalina, R., Vegirawati, T., & Ikraam, I. (2024). Pengaruh Profitabilitas, Transfer Pricing dan Kepemilikan Institusional terhadap Tax Avoidance pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2018-2021. publikasi riset mahasiswa akuntansi, 5(1), 61-77.
Ross, S. A., Westerfield, R. W., & Jordan, B. D. (2022). Essentials of Corporate Finance (11th ed.). New York: McGraw-Hill Education.
Schweiger, G., Barnett, A., van den Besselaar, P., Bornmann, L., De Block, A., Ioannidis, J. P. A., Sandström, U., & Conix, S. (2024). The costs of competition in distributing scarce research funds. arXiv.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2024 Muhammad Vemas Amantra, Hadli Hadli, Ikraam Ikraam
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
