Pengaruh Pertumbuhan Perusahaan, Struktur Modal, dan Risiko Bisnis terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Variabel Moderating pada Perusahaan Sektor Property dan Real Estate di Bursa Efek Indonesia

Abstract

The objective of the research is to analyze the effect of firm growth, capital structure, and business risk on firm value. It is aso aimed to analyze firm size in moderating the correlation of firm growth, capital structure, and business risk on firm value. The population is companies in Property and Real Estate Sector listed in the Indonesia Stock Exchange in the period of 2018-2023, and 33 of them are taken as the samples, taken by using purposive sampling technique. The data are analyzed by using panel data regression analysis with E-views software as the device for data processing. The research result prove that capital structure has positive effect on firm value while firm growth and business risk have negative effect on firm value. Firm size is unable to moderate the correlation of firm growth, capital structure, and business risk on firm value.