ANALISIS DAMPAK KEPUTUSAN KEUANGAN TERHADAP NILAI PERUSAHAAN DI SEKTOR PROPERTI
Abstract
Evaluasi terhadap nilai perusahaan menjadi faktor penting dalam pengambilan keputusan berinvestasi karena mencerminkan kinerja manajemen, efektivitas keputusan strategis, operasional, dan pendanaan, serta memengaruhi persepsi investor terhadap potensi efektivitas perusahaan dan harga saham di pasar modal. Pandangan investor terhadap harga saham yang tinggi mencerminkan kelangsungan pengembalian investasi dan stabilitas perusahaan, mendorong peningkatan kualitas manajerial, serta mempengaruhi minat dan keputusan investor untuk melakukan investasi yang lebih besar dalam perusahaan. Penelitian ini bertujuan mengevaluasi nilai perusahaan di sub sektor properti dan real estate di Indonesia dengan menggunakan Tobin Q dengan memperhatikan faktor-faktor yang mempengaruhinya diantaranya ialah keputusan pendanaan, keputusan investasi dan kebijakan deviden. Analisis data yang digunakan dalam penelitian ini meliputi uji asumsi klasik, analisis koefisien determinasi, analisis regresi data panel, uji F serta uji t. Pengamatan dilakukan pada sub sektor properti dan real estate. Penelitian ini menggunakan metode purposive sampling dimana sampel yang diambil sesuai dengan namanya, yaitu dengan maksud dan tujuan tertentu. Berdasarkan hasil laporan keuangan perusahaan periode tahun 2017 sampai dengan 2021, sebanyak 73 perusahaan terdaftar sebagai populasi penelitian. Berdasarkan hasil pada penelitian dapat dilihat bahwa Keputusan Pendanaan berpengaruh terhadap nilai perusahaan (Tobin’s Q), keputusan investasi (ROA) tidak memiliki pengaruh terhadap Nilai Perusahaan, dan kebijakan dividen (DPR) tidak memiliki pengaruh terhadap Nilai Perusahaan.
References
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Brigham, E. F., & Houston, J. F. (2001). Manajemen Keuangan (1st ed.).
Cahya Susena, K., Meilisa Amalia, M., Moridu, I., Cakranegara, P. A., & Leon, H. (2022). Effect of Financial Performance and Investment Decision on Company Value in Manufacturing Companies Listed on the Indonesia Stock Exchange. Budapest International Research and Critics Institute-Journal. https://doi.org/10.33258/birci.v5i3.6233
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Damayanti, D. R. (2019). Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen, Dan Profitabilitas Terhadap Nilai Perusahaan . Universitas Muhammadiyah Magelang.
Dwijayani, H., Surachman, S., Sumiati, S., & Djawahir, A. H. (2020). The Mediating Effect of Asymmetric Information on the Funding Decision to Firm Value.
Harjito, A., & Martono, M. (2013). Financial Management (2nd ed.). EKONOSIA.
Hasanuddin, R. (2021). The Influence of Investment Decisions, Dividend Policy and Capital Structure on Firm Value. Jurnal Economic Resources, 4, 1. https://doi.org/10.33096/jer.v4i1.845
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Iqbal, M., Dzulkirom AR, Moch., & Darmawan, A. (2018). The Effect of Share Ownership Structure to The Dividend Policy and Firm Value of The Manufacturing Company. WACANA, Jurnal Sosial Dan Humaniora, 21(3).
Jumiati, J., & Natsir, K. (2023). The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices. International Journal of Application on Economics and Business, 1(1), 662–672. https://doi.org/10.24912/ijaeb.11.662-672
Kombih, M. T., & Suhardianto, N. (2018). Pengaruh Aktivitas Pemasaran, Kinerja Keuangan, dan Aset Tidak Berwujud Terhadap Nilai Perusahaan. EKUITAS (Jurnal Ekonomi Dan Keuangan), 1(3), 281–302.
Kurniawati, A. W., Samrotun, Y. C., & Wijayanti, A. (2023). Determinan Firm Value pada Perusahaan Property dan Real Estate Tahun 2017-2021. Ekonomis: Journal of Economics and Business, 7(1), 508. https://doi.org/10.33087/ekonomis.v7i1.864
Languju, O. (2016). Pengaruh Return On Equity, Ukuran Perusahaan, Price Earning Ratio dan Struktur Modal terhadap Nilai Perusahaan Property and real estate terdaftar di Bursa Efek Indonesia. Jurnal Berkala Ilmiah Efisiensi, 16(2), 387–398.
Luthfiana, A. (2019). THE EFFECT OF SOLVENCY, PROFITABILITY AND LIQUIDITY RATIOS ON FIRM VALUE (EMPIRICAL STUDY ON PROPERTY AND REAL ESTATE COMPANIES LISTED IN INDONESIA STOCK EXCHANGE IN THE PERIOD OF 2014-2017). https://gopublic.idx.co.id/
Mamay Komarudin, & Naufal Affandi. (2020). The Effects of Technical and Fundamental Factors on the Investment Decision and the Company Value in the Agricultural Sector. Quantitative Economics and Management Studies, 1(6), 411–425. https://doi.org/10.35877/454ri.qems201
Markonah, M., Salim, A., & Franciska, J. (2020). EFFECT OF PROFITABILITY, LEVERAGE, AND LIQUIDITY TO THE FIRM VALUE. 1(1). https://doi.org/10.31933/DIJEFA
Mora, B., Silalahi, U., & Lestari, T. U. (2023). The effect of managerial ownership, institutional ownership, and market activity on firm value. https://gemawiralodra.unwir.ac.id/index.php/gemawiralodra/issue/view/22
Mustiha, F., & Djalil, M. A. (2020). The Effect of Funding Decision And Dividend Policy on Company Value and Its Implications on Stock Return of Lq45 Companies Listed In Indonesian Stock Exchange. In Global Academic Journal of Economics and Business (Vol. 2, Issue 1).
Nelwan, A., & Tulung, J. E. (2018). Pengaruh Kebijakan Dividen, Keputusan Pendanaan Dan Keputusan Investasi Terhadap Nilai Perusahaan. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 6(4), 2878–2887.
Nurdiansari, R., Sriwahyuni, A., Apriani, R., Hidayah, N., & Fadhilah, K. (2022). The Effect of Dividend Policy, Debt Policy, and Asset Growth on Firm Value with Managerial Ownership as Moderating Variables (Empirical Study on Manufacturing Companies Listed on the Indonesian Stock Exchange).
Pambudi, A. S., Ahmad, G. N., & Mardiyati, U. (2022). Pengaruh Profitabilitas, Likuiditas, dan Kebijakan Dividen Terhadap Nilai Perusahaan. Jurnal Binis, Manajemen, Dan Keuangan, 3(1).
Park, K. H., & Byun, J. (2022). Board Diversity, IPO Underpricing, and Firm Value: Evidence from Korea. Global Business and Finance Review, 27.
Purnama, M., Hanitha, V., Hidayat, A., & Id, A. H. A. (2021). Analysis of Factors Affecting Firm Value in Property, Real Estate and Building Construction Companies Listed on the Indonesia Stock Exchange for the 2014-2018 Period (Vol. 19, Issue 2). https://www.indonesiare.co.id
Putra, M. R. A., & Sarumpaet, T. L. (2017). Pengaruh Kebijakan Hutang, Kebijakan Deviden, Kebijakan Investasi, dan Profitabilitas Terhadap Nilai Perusahaan. Proceedings Profesionalisme Akuntan Menuju Sustainable Business Practice Bandung.
Rajagukguk, L., Ariesta, V., & Pakpahan, Y. (2019a). Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan. Jurnal Inspirasi Bisnis Dan Manajemen, 3(1), 77–90.
Rajagukguk, L., Ariesta, V., & Pakpahan, Y. (2019b). Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan. Jurnal Inspirasi Bisnis Dan Manajemen, 3(1), 77–90.
Riska Agustina, Pompong Budi Setiadi, & Sri Rahayu. (2022). Funding decisions and dividend policy to company value. World Journal of Advanced Research and Reviews, 14(3), 395–402. https://doi.org/10.30574/wjarr.2022.14.3.0570
Sherine, C., Wiyanto, H., & Budiono, H. (2022). The Effect of Investment Decision, Funding Decision, and Profitability on The Firm Value of Consumer Goods Industry Registered in Indonesia Stock Exchange During 2017-2020. www.idx.co.id
Sholatika, N. I. (2022). The Effect of Profitability, Liquidity and Leverage on Company Value with Dividend Policy as Moderating Variables on Consumer Companies Listed on the Indonesia Stock Exchange 2018-2020.
Sulistiono, S., & Yusna, Y. (2020). Analysis of the Effect of Funding Decision and Dividend Policy on the Firm Value and Investment Decision as Mediation (Study on Manufacturing Companies in Indonesia Stock Exchange).
Sumarau, S. K. (2019). THE EFFECT OF INVESTMENT DECISIONS, FUNDING DECISIONS, AND PROFITABILITY ON MANUFACTURING COMPANY VALUE IN INDONESIA STOCK EXCHANGE 2015-2018 PERIOD. ACCOUNTABILITY, 8(2), 85. https://doi.org/10.32400/ja.24759.8.2.2019.85-90
Suteja, J., Gunardi, A., Alghifari, E. S., Susiadi, A. A., Yulianti, A. S., & Lestari, A. (2023). Investment Decision and Firm Value: Moderating Effects of Corporate Social Responsibility and Profitability of Non-Financial Sector Companies on the Indonesia Stock Exchange. Journal of Risk and Financial Management, 16(1). https://doi.org/10.3390/jrfm16010040
Suwarti, T., Sri Mindarti, C., Wahyu Widati, L., & Nurjanah, A. (2019). The Effects of Profitability, Debt Policy and Dividend Policy on Company Value.
Tan, Y., & Luo, P. (2021). The Impact of Debt Restructuring on Dynamic Investment and Financing Policies. Economic Modelling, 102.
Tauke, P. Y., Murni, S., & Tulung, J. E. (2017). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Properti dan Real Estate Yang Terdaftar Di BEI Tahun 2012-2015. Jurnal EMBA, 5(2).
Triani, N., & Tarmidi, D. (2019a). Firm Value: Impact of Investment Decisions, Funding Decisions and Dividend Policies. International Journal of Academic Research in Accounting, 9(2), 158–163. https://doi.org/10.6007/IJARAFMS/v9-i2/6107
Triani, N., & Tarmidi, D. (2019b). Firm Value: Impact of Investment Decisions, Funding Decisions and Dividend Policies. International Journal of Academic Research in Accounting, 9(2), 158–163. https://doi.org/10.6007/IJARAFMS/v9-i2/6107
Utami, E. M. (2018). The Intellectual Capital Components on Firm Value: Evidence from LQ-45 Index Companies. Jurnal Keuangan Dan Perbankan , 22(2), 291–300.
Utami, E. M., Nuryani, F., & Nugraha, D. N. S. (2020). The effects of capital structure and good corporate governance on company value. International Journal of Psychosocial Rehabilitation, 24(2).
Utami, P. (2019). PENGARUH CURRENT RATIO, RETURN ON ASSET, TOTAL ASSET TURNOVER DAN DEBT TO EQUITY RATIO TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Properti dan Real Estate Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2017). In Universitas Budi Luhur (Vol. 8, Issue 1).
Wijaya, N. S., & Fitriati, I. R. (2022). Pengaruh likuiditas, ukuran perusahaan, profitabilitas, dan struktur modal terhadap nilai perusahaan. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(12), 5606–5616.
Wikartika, I., & Asmara, K. (2020). The Effect of Financing Decisions, Investment Decisions, and Asset Management Decisions on Company Value with Dividend Policy as Moderating Variable. International Seminar of Research.
Yovita, Y., Safrida, S., Anggryeani, S., Silaban, E. M., & Purba, M. I. (2020). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi. War Dharmawangs, 14.
Zuhroh, I. (2019). The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage. KnE Social Sciences, 3(13), 203. https://doi.org/10.18502/kss.v3i13.4206
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Almiranda, S. (2018). Pengaruh Keputusan Pendanaan Terhadap Nilai Perusahaan dan Kebijakan Dividen sebagai Pemoderasi. Jurnal Ilmiah Mahasiswa Fakultas Ekonomi Dan Bisnis, 7(1).
Amaliyah, F., & Herwiyanti, E. (2020). Pengaruh Keputusan Investasi, Ukuran Perusahaan, Keputusan Pendanaan dan Kebijakan Deviden Terhadap Nilai Perusahaan Sektor Pertambangan. Jurnal Penelitan Ekonomi Dan Bisnis, 5(1), 39–51. https://doi.org/10.33633/jpeb.v5i1.2783
Azib, A., Harahap, D. A., & Amanah, D. (2020). The manufacturing company performance. International Journal of Research in Business and Social Science (2147- 4478), 9(4), 220–227. https://doi.org/10.20525/ijrbs.v9i4.755
Bahrun, M. F., Tifah, T., & Firmansyah, A. (2020). Pengaruh Keputusan Pendanaan, Keputusan Investasi, Kebijakan Dividen, Dan Arus Kas Bebas Terhadap Nilai Perusahaan. Jurnal Ilmiah Akuntansi Kesatuan, 8(3).
Berk, J. B., & Demarzo, P. M. (2017). Corporate Finance (4th ed.). Pearson Education Ltd.
Brigham, E. F., & Houston, J. F. (2001). Manajemen Keuangan (1st ed.).
Cahya Susena, K., Meilisa Amalia, M., Moridu, I., Cakranegara, P. A., & Leon, H. (2022). Effect of Financial Performance and Investment Decision on Company Value in Manufacturing Companies Listed on the Indonesia Stock Exchange. Budapest International Research and Critics Institute-Journal. https://doi.org/10.33258/birci.v5i3.6233
Carstens, R., & Wesson, N. (2019). South African Journal of Economic and Management Sciences. https://doi.org/10.4102/sajems
Damayanti, D. R. (2019). Pengaruh Keputusan Investasi, Keputusan Pendanaan, Kebijakan Dividen, Dan Profitabilitas Terhadap Nilai Perusahaan . Universitas Muhammadiyah Magelang.
Dwijayani, H., Surachman, S., Sumiati, S., & Djawahir, A. H. (2020). The Mediating Effect of Asymmetric Information on the Funding Decision to Firm Value.
Harjito, A., & Martono, M. (2013). Financial Management (2nd ed.). EKONOSIA.
Hasanuddin, R. (2021). The Influence of Investment Decisions, Dividend Policy and Capital Structure on Firm Value. Jurnal Economic Resources, 4, 1. https://doi.org/10.33096/jer.v4i1.845
Indah Pertiwi, D., & Lestari Prasilowati, S. (2023). The effect of company size, funding decisions, and investment decisions on company value with dividend policy as moderating variables. In Online) KINERJA: Jurnal Ekonomi dan Manajemen (Vol. 20, Issue 1). www.idx.co.id
Iqbal, M., Dzulkirom AR, Moch., & Darmawan, A. (2018). The Effect of Share Ownership Structure to The Dividend Policy and Firm Value of The Manufacturing Company. WACANA, Jurnal Sosial Dan Humaniora, 21(3).
Jumiati, J., & Natsir, K. (2023). The Effect of Profitability, Dividend Policy, and Company Value on Stock Prices. International Journal of Application on Economics and Business, 1(1), 662–672. https://doi.org/10.24912/ijaeb.11.662-672
Kombih, M. T., & Suhardianto, N. (2018). Pengaruh Aktivitas Pemasaran, Kinerja Keuangan, dan Aset Tidak Berwujud Terhadap Nilai Perusahaan. EKUITAS (Jurnal Ekonomi Dan Keuangan), 1(3), 281–302.
Kurniawati, A. W., Samrotun, Y. C., & Wijayanti, A. (2023). Determinan Firm Value pada Perusahaan Property dan Real Estate Tahun 2017-2021. Ekonomis: Journal of Economics and Business, 7(1), 508. https://doi.org/10.33087/ekonomis.v7i1.864
Languju, O. (2016). Pengaruh Return On Equity, Ukuran Perusahaan, Price Earning Ratio dan Struktur Modal terhadap Nilai Perusahaan Property and real estate terdaftar di Bursa Efek Indonesia. Jurnal Berkala Ilmiah Efisiensi, 16(2), 387–398.
Luthfiana, A. (2019). THE EFFECT OF SOLVENCY, PROFITABILITY AND LIQUIDITY RATIOS ON FIRM VALUE (EMPIRICAL STUDY ON PROPERTY AND REAL ESTATE COMPANIES LISTED IN INDONESIA STOCK EXCHANGE IN THE PERIOD OF 2014-2017). https://gopublic.idx.co.id/
Mamay Komarudin, & Naufal Affandi. (2020). The Effects of Technical and Fundamental Factors on the Investment Decision and the Company Value in the Agricultural Sector. Quantitative Economics and Management Studies, 1(6), 411–425. https://doi.org/10.35877/454ri.qems201
Markonah, M., Salim, A., & Franciska, J. (2020). EFFECT OF PROFITABILITY, LEVERAGE, AND LIQUIDITY TO THE FIRM VALUE. 1(1). https://doi.org/10.31933/DIJEFA
Mora, B., Silalahi, U., & Lestari, T. U. (2023). The effect of managerial ownership, institutional ownership, and market activity on firm value. https://gemawiralodra.unwir.ac.id/index.php/gemawiralodra/issue/view/22
Mustiha, F., & Djalil, M. A. (2020). The Effect of Funding Decision And Dividend Policy on Company Value and Its Implications on Stock Return of Lq45 Companies Listed In Indonesian Stock Exchange. In Global Academic Journal of Economics and Business (Vol. 2, Issue 1).
Nelwan, A., & Tulung, J. E. (2018). Pengaruh Kebijakan Dividen, Keputusan Pendanaan Dan Keputusan Investasi Terhadap Nilai Perusahaan. Jurnal EMBA: Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 6(4), 2878–2887.
Nurdiansari, R., Sriwahyuni, A., Apriani, R., Hidayah, N., & Fadhilah, K. (2022). The Effect of Dividend Policy, Debt Policy, and Asset Growth on Firm Value with Managerial Ownership as Moderating Variables (Empirical Study on Manufacturing Companies Listed on the Indonesian Stock Exchange).
Pambudi, A. S., Ahmad, G. N., & Mardiyati, U. (2022). Pengaruh Profitabilitas, Likuiditas, dan Kebijakan Dividen Terhadap Nilai Perusahaan. Jurnal Binis, Manajemen, Dan Keuangan, 3(1).
Park, K. H., & Byun, J. (2022). Board Diversity, IPO Underpricing, and Firm Value: Evidence from Korea. Global Business and Finance Review, 27.
Purnama, M., Hanitha, V., Hidayat, A., & Id, A. H. A. (2021). Analysis of Factors Affecting Firm Value in Property, Real Estate and Building Construction Companies Listed on the Indonesia Stock Exchange for the 2014-2018 Period (Vol. 19, Issue 2). https://www.indonesiare.co.id
Putra, M. R. A., & Sarumpaet, T. L. (2017). Pengaruh Kebijakan Hutang, Kebijakan Deviden, Kebijakan Investasi, dan Profitabilitas Terhadap Nilai Perusahaan. Proceedings Profesionalisme Akuntan Menuju Sustainable Business Practice Bandung.
Rajagukguk, L., Ariesta, V., & Pakpahan, Y. (2019a). Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan. Jurnal Inspirasi Bisnis Dan Manajemen, 3(1), 77–90.
Rajagukguk, L., Ariesta, V., & Pakpahan, Y. (2019b). Analisis Pengaruh Profitabilitas, Ukuran Perusahaan, Keputusan Investasi, dan Kebijakan Utang Terhadap Nilai Perusahaan. Jurnal Inspirasi Bisnis Dan Manajemen, 3(1), 77–90.
Riska Agustina, Pompong Budi Setiadi, & Sri Rahayu. (2022). Funding decisions and dividend policy to company value. World Journal of Advanced Research and Reviews, 14(3), 395–402. https://doi.org/10.30574/wjarr.2022.14.3.0570
Sherine, C., Wiyanto, H., & Budiono, H. (2022). The Effect of Investment Decision, Funding Decision, and Profitability on The Firm Value of Consumer Goods Industry Registered in Indonesia Stock Exchange During 2017-2020. www.idx.co.id
Sholatika, N. I. (2022). The Effect of Profitability, Liquidity and Leverage on Company Value with Dividend Policy as Moderating Variables on Consumer Companies Listed on the Indonesia Stock Exchange 2018-2020.
Sulistiono, S., & Yusna, Y. (2020). Analysis of the Effect of Funding Decision and Dividend Policy on the Firm Value and Investment Decision as Mediation (Study on Manufacturing Companies in Indonesia Stock Exchange).
Sumarau, S. K. (2019). THE EFFECT OF INVESTMENT DECISIONS, FUNDING DECISIONS, AND PROFITABILITY ON MANUFACTURING COMPANY VALUE IN INDONESIA STOCK EXCHANGE 2015-2018 PERIOD. ACCOUNTABILITY, 8(2), 85. https://doi.org/10.32400/ja.24759.8.2.2019.85-90
Suteja, J., Gunardi, A., Alghifari, E. S., Susiadi, A. A., Yulianti, A. S., & Lestari, A. (2023). Investment Decision and Firm Value: Moderating Effects of Corporate Social Responsibility and Profitability of Non-Financial Sector Companies on the Indonesia Stock Exchange. Journal of Risk and Financial Management, 16(1). https://doi.org/10.3390/jrfm16010040
Suwarti, T., Sri Mindarti, C., Wahyu Widati, L., & Nurjanah, A. (2019). The Effects of Profitability, Debt Policy and Dividend Policy on Company Value.
Tan, Y., & Luo, P. (2021). The Impact of Debt Restructuring on Dynamic Investment and Financing Policies. Economic Modelling, 102.
Tauke, P. Y., Murni, S., & Tulung, J. E. (2017). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Pada Perusahaan Properti dan Real Estate Yang Terdaftar Di BEI Tahun 2012-2015. Jurnal EMBA, 5(2).
Triani, N., & Tarmidi, D. (2019a). Firm Value: Impact of Investment Decisions, Funding Decisions and Dividend Policies. International Journal of Academic Research in Accounting, 9(2), 158–163. https://doi.org/10.6007/IJARAFMS/v9-i2/6107
Triani, N., & Tarmidi, D. (2019b). Firm Value: Impact of Investment Decisions, Funding Decisions and Dividend Policies. International Journal of Academic Research in Accounting, 9(2), 158–163. https://doi.org/10.6007/IJARAFMS/v9-i2/6107
Utami, E. M. (2018). The Intellectual Capital Components on Firm Value: Evidence from LQ-45 Index Companies. Jurnal Keuangan Dan Perbankan , 22(2), 291–300.
Utami, E. M., Nuryani, F., & Nugraha, D. N. S. (2020). The effects of capital structure and good corporate governance on company value. International Journal of Psychosocial Rehabilitation, 24(2).
Utami, P. (2019). PENGARUH CURRENT RATIO, RETURN ON ASSET, TOTAL ASSET TURNOVER DAN DEBT TO EQUITY RATIO TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan Manufaktur Sub Sektor Properti dan Real Estate Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2017). In Universitas Budi Luhur (Vol. 8, Issue 1).
Wijaya, N. S., & Fitriati, I. R. (2022). Pengaruh likuiditas, ukuran perusahaan, profitabilitas, dan struktur modal terhadap nilai perusahaan. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(12), 5606–5616.
Wikartika, I., & Asmara, K. (2020). The Effect of Financing Decisions, Investment Decisions, and Asset Management Decisions on Company Value with Dividend Policy as Moderating Variable. International Seminar of Research.
Yovita, Y., Safrida, S., Anggryeani, S., Silaban, E. M., & Purba, M. I. (2020). Faktor-Faktor Yang Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi. War Dharmawangs, 14.
Zuhroh, I. (2019). The Effects of Liquidity, Firm Size, and Profitability on the Firm Value with Mediating Leverage. KnE Social Sciences, 3(13), 203. https://doi.org/10.18502/kss.v3i13.4206
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Published
2023-09-06
How to Cite
Utami, E., Yuliani, R., & Fatihat, G. (2023). ANALISIS DAMPAK KEPUTUSAN KEUANGAN TERHADAP NILAI PERUSAHAAN DI SEKTOR PROPERTI. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 7(3), 181-195. https://doi.org/10.31955/mea.v7i3.3324
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