PENGARUH GROWTH OPPORTUNITY, KEPUTUSAN INVESTASI DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of growth opportunity, investment decisions, and debt policy on the firm value of Property and Real Estate companies listed on the Indonesia Stock Exchange (IDX) during 2019-2022. The research was quantitative. Moreover, the data were secondary in the form of financial statements and annual reports of Property and Real Estate companies listed on IDX. The data collection technique used purposive sampling in which the sample was based on the criteria given. In line with that, there were 51 companies as the sample. Furthermore, the data collection technique used multiple linear regression. The result concluded that growth opportunity which was referred to TAG did not affect the firm value of Property and Real Estate companies. Likewise, investment decisions that were referred to FAR did not affect the firm value of Property and Real Estate companies. Similarly, debt policy which was referred to DER had a positive effect on the firm value of Property and Real Estate companies.