Meily Y.B. Kalalo
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The Effect of Capital Structure, Working Capital Turnover and Firm Size on Firm Value of Listed Companies Under Indonesia Stock Exchange’s Property and Real Estate Sector for the Period 2018-2021 Shintya Rinaldy; Meily Y.B. Kalalo
AFEBI Accounting Review Vol. 7 No. 2 (2022): December
Publisher : Asosiasi Fakultas Ekonomi dan Bisnis Indonesia

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Abstract

The purpose of this research to determine the effect of capital structure, working capital turnover, and firm size on firm value in the property and real estate sector listed on the Indonesia Stock Exchange for the 2018 – 2021 periods. Capital structure is calculated by Debt to Equity Ratio (DER), working capital turnover is calculated by Working Capital Turnover (WCT), firm size is calculated by Natural Logarithm of Total Assets (Ln), and firm value is calculated by Price to Book Value (PBV). This study uses a quantitative method with purposive sampling as a method of selecting samples and 30 companies were chosen as samples. There are 120 observations obtained in this observation. The data analysis is multiple linear regressions with IBM SPSS 25 as data processing. The careful results shows that capital structure had a positive and not significant effect on firm value, working capital turnover had a positive effect on firm value, and firm size hurt firm value. Keywords: Capital Structure, Working Capital Turnover, Firm Size, Firm Value