Jurnal Ekonomi
Vol. 12 No. 02 (2023): Jurnal Ekonomi, Perode April - Juni 2023

DETERMINATION OF FIRM VALUE IN THE REAL ESTATE SECTOR ON THE INDONESIAN STOCK EXCHANGE

Agnes Soukotta (Universitas Pattimura)
Pandu Adi Cakranegara (Universitas Presiden)
Rianda Hanis (IAIN Pontianak)
Y. Jhony Kurniawan (STMA Trisakti)



Article Info

Publish Date
21 Apr 2023

Abstract

Condition The decline in Indonesia's economic growth is different from the improving condition of the real estate industry. The role of the real estate industry has increased since 2022, growing by 3.02%, supported by increased investment in certain industrial groups. This study aims to determine the internal and external factors that affect the value of real estate companies in Indonesia. Sampling by purposive sampling obtained 19 companies. This study uses multiple linear regression analysis. Found a positive and significant influence between institutional ownership, debt policy and profitability on firm value. But not with dividend policies and interest rates which have no impact on company value. The implication is that investors need to pay attention to the size of institutional ownership which indicates that the company is well managed. In addition, debt and profitability policies also need to be considered by potential investors as investment considerations. Companies that are in debt, the prospects for expanding the company tend to be high, so if they have high profits, they will have good value in the eyes of investors.

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Journal Info

Abbrev

Ekonomi

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal Ekonomi is a peer-reviewed journal that publishes scientific articles that are the results of original scientific research (top priority) and new scientific review articles (not priority) from various academics and researchers that have not been published elsewhere, including: 1. Accountancy ...