JAKBS
Vol. 3 No. 3 (2025): Oktober - Desember

Pengaruh Struktur Modal, Perputaran Modal Kerja, Dan Kinerja Keuangan Terhadap Nilai Perusaaan

Maulidi, Farhan (Unknown)
Sutandijo, Sutandijo (Unknown)



Article Info

Publish Date
18 Nov 2025

Abstract

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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Journal Info

Abbrev

jakbs

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Akuntansi Keuangan dan Bisnis (JAKBS), with registered number ISSN 2987-9078 (Online) is a multidisciplinary scientific journal published by CV. ITTC INDONESIA. JAKB provides a specialized forum for the publication of research in the area of financial economics and the theory of the firm, ...