This study aims to analyze the effect of capital structure, working capital turnover, and financial performance on firm value. The research object consists of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period, using a quantitative method with secondary data derived from financial statements. The analysis was carried out using panel data regression with F-test and t-test. The results show that simultaneously capital structure, working capital turnover, and financial performance influence firm value. Partially, capital structure has no effect on firm value, working capital turnover affects firm value, while financial performance has no effect on firm value. These findings indicate that efficiency in managing working capital plays a more dominant role in increasing firm value compared to capital structure and financial performance.
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