PENGARUH RISIKO FINANCIAL DISTRESS, STRUKTUR MODAL, DAN FIRM SIZE TERHADAP NILAI PERUSAHAAN PROPERTI YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE 2016-2020

Abstract

The property sector is one of the parameters of country progression beside infrastructure and industrial development. However, in the last few years there has been fluctuation in economic growth with the largest contraction -2,07% in 2020. The aim of the study is to examine the effect of financial distress potential, capital structure, and firm size on the firm value of property companies listed in Indonesia Stock Exchange 2016-2020. The sample is determined by a purposive sampling method. The number of sample are 19 companies. The result found that there are positive and significant effects of financial distress and capital structure on the firm value. Negative and no significant effect of firm size on the firm value. The simultaneous relationship show a significant effect on the firm value. The model explained by 61,6% variation on the firm value. This study shows that financial distress and capital structure is important factor in determining the firm value. Therefore it is important for a company and investor to pay attention to these factors.