Penelitian ini bertujuan untuk menganalisis pengaruh profitabilitas, kebijakan
dividen, ukuran perusahaan, struktur modal, dan keputusan investasi terhadap nilai
perusahaan pada perusahaan sektor Properti & Real Estate yang terdaftar di Bursa
Efek Indonesia (BEI) selama periode 2019–2023. Metode yang digunakan dalam
penelitian ini adalah pendekatan kuantitatif dengan teknik analisis regresi data
panel. Sampel ditentukan menggunakan metode purposive sampling dari
perusahaan sektor properti & real estate yang memenuhi kriteria tertentu selama
periode penelitian. Hasil penelitian menunjukkan bahwa secara simultan, kelima
variabel independen (profitabilitas, kebijakan dividen, ukuran perusahaan, struktur
modal, dan keputusan investasi) berpengaruh signifikan terhadap nilai perusahaan.
Secara parsial, profitabiltas, kebijakan dividen dan struktur modal berpengaruh
positif dan signifikan terhadap nilai perusahaan, sementara variabel lainnya, yaitu
ukuran perusahaan dan keputusan investasi tidak berpengaruh signifikan secara
individual terhadap nilai perusahaan.
This study aimed to analyze the influence of several factors on the value of
companies in the property and real estate sector listed on the Indonesia Stock
Exchange (BEI) during the period from 2019 to 2023. The factors examined
included profitability, dividend policy, company size, capital structure, and
investment decisions. The research employed a quantitative approach utilizing
panel data regression analysis techniques. Samples were selected using a purposive
sampling method, focusing on property and real estate sector companies that met
specific criteria during the study period. The results indicated that simultaneously,
all five independent variables significantly affected the value of the company.
However, when analyzed individually, profitability, dividend policy, capital
structure had a positive and significant effect on the value of the company. In
contrast, the other variables company size and investment decisions did not have a
significant individual effect on the company's value. This study provided valuable
insights into the dynamics that affected company valuation in the property and real
estate sector, highlighting the critical role of capital structure in enhancing
company value.