Factors Influencing Company Value in Property and Real Estate Companies and Building Construction in Indonesia
Monica Weni Pratiwi
Department of Accounting, Bakrie University, Jakarta, Indonesia
https://doi.org/10.47191/jefms/v5-i12-17ABSTRACT:
The purpose of this study was to analyze the relationship between profitability and firm value moderated by firm size. The research population in this research is property and real estate and building construction companies listed on the Indonesia Stock Exchange for the 2019-2021 period. There were 57 samples in this study which were taken by purposive sampling method. The data analysis method used is moderate regression analysis, with the results showing that profitability has no effect on firm value. However, profitability has an effect on firm value moderated by firm size.
KEYWORDS:
Company Size, Company Value, and Profitability.
REFERENCES:
1) Aziz. (2015). Fundamental Investment Management, Technical, Investor Behavior and stock returns, Yogyakarta: Deepublish.
2) Harry. (2017). Accounting Theory Approach to Concepts and Analysis. Jakarta: Grasindo.
3) Indrarini, S. (2019). Corporate Value Through Profit Quality (Good Governance and Company Policy). Surabaya: Scopindo.
4) Isnawati & Widjajanti. (2019) Effect of Institutional Ownership, Profitability, Company Size, and Sales Growth on Company Value with Capital Structure as Intervening Variables.
5) Kadim & Sunardi. (2019) The Effect of Profitability, Company Size on Leverage, Implications for the Value of Cosmetics and Household Companies Listed on the Indonesia Stock Exchange.
6) Cashmere. (2016). Financial Statement Analysis. Jakarta: Raja Grafindo Persada.
7) Mudjijah, S., et al. (2019). "The Influence of Financial Performance and Capital Structure on Firm Value Moderated by Firm Size Variable." Journal of Accounting and Finance 8(1): 41-56
8) Niresh, JA, & Velnampy, T. (2014). Firm Size and Profitability: A Study of Listed Manufacturing Firms in Sri Lanka. International Journal of Business and Management, 9(4).
9) Pohan, N., & Bhakti. (2019). The effect of profitability and disclosure of corporate social responsibility on firm value with company size as a moderating variable in non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2014 to 2016 and has issued a sustainable responsibility report that is integrated with the fourth generation Global Reporting Initiative (GRI-G4).
10) Prasetyorini, BF (2013). Effect of Firm Size, Leverage, Price Earning Ratio, and Profitability on Firm Value. Journal of Management Science (JIM), 1(1).
11) Prihapsari, YE (2015). "Analysis of the Influence of Investment Decisions, Funding Decisions, and Dividend Policy on Firm Value". Student Scientific Articles. University of Jember.
12) Septriana & Mahaeswari. (2019) Effect of Liquidity, Firm Size, and Profitability on Company Value.
13) Setiawati & Lim. (2018). The effect of profitability, company size, leverage, and social disclosure on company value in manufacturing companies listed on the Indonesian stock exchange for the period 2011-2015.
14) Susila & Prena. (2019). The influence of funding decisions, dividend policy, profitability, and corporate social responsibility on company value for food and beverage companies listed on the IDX for the 2016-2017 period.
15) Wahyudi, U. & Pawestri, HP (2006). Implications of Ownership Structure on Firm Value: with Financial Decisions as an Intervening Variable. National Symposium on Accounting 9 Padang: 1-25.
16) Widyaningsih. (2018). The Influence of Managerial Ownership, Institutional Ownership, Independent Commissioner, and Audit Committee on Company Value with Disclosure of CSR as a Moderating Variable and Firm Size as a Control Variable for mining companies listed on the IDX for the 2015-2016 period.
