AFEBI Accounting Review
Vol. 7 No. 2 (2022): December

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 (Universitas Sam Ratulangi)
Meily Y.B. Kalalo (Unknown)



Article Info

Publish Date
31 Dec 2022

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

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Journal Info

Abbrev

aar

Publisher

Subject

Economics, Econometrics & Finance

Description

AFEBI Accounting Review (AAR) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AAR is aimed as an outlet for theoretical and empirical research in the field of finance and accounting and to disseminate ...