PENGARUH INTANGIBLE ASSET, KEBIJAKAN KEUANGAN, DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN

Abstract

This study aims to test the impact of the intangible asset, the financial policy, and the financial performance toward the firm value of the property and real estate which are registered in Indinesia’s Stock Exchange in 2016-2019. The method of sampling in this study is purposive sampling with the criteria: the property and real estate companies which aresuccessively refistered in Indonesia’s Stock Excahange in 2016-2019, succesvely publish the annual reports 2016-2019, the companies have complete ratio such as ROA and the ROE, and also have complete data in measuring the firm value, they successively publish the closing price in 2016-2019. Based on those criteria, the study collects 42 companies as the samples. The method of this study is multiple linier regression with SPSS 25. The result of this study indicates the intangible asset does not impact the firm value, the debt policy does not impact the firm value, the financial performance which is measured by the ROE gives positive impact to the firm value.
Keywords: intangible asset, debt policy, financial performance, firm value