FIRM VALUE IN PROPERTY & REAL ESTATE COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE FOR THE PERIOD 2019-2023

Abstract

Stock price volatility is one indicator of investor perception of a company's performance, which ultimately determines the value of the company. When stock prices increase, this indicates a greater level of investor confidence in the company. Dividend policy relates to the company's decision to distribute profits to shareholders or retain them for reinvestment. Investment decisions by financial managers involve placing funds in investment opportunities with the expectation of generating future income. An organization's ability to grow is measured by how much total assets can increase or decrease over time. Profitability reflects how efficiently a company generates profits in a given period. Leverage describes a company's ability to meet short-term and long-term financial obligations, as well as the amount of debt used to fund operations. In the Property & Real Estate sector companies listed on the Indonesia Stock Exchange during the 2019–2023 period, research found that company value was not affected by dividend policy, company growth, and then leverage. Company value in the industry and period was actually positively and significantly influenced by investment decisions and then profitability.