Abstract
The primary objective of this study is to analyze how financial variables specificall, investment decisions, dividend policy, and firm size shape firm value within the real estate and property industry on the Indonesia Stock Exchange (IDX) for the 2020-2024 period. Employing a quantitative approach, this research processed annual data from 80 selected samples. The results of the hypothesis testing reveal several compelling findings: influence firm value. Conversely, dividend policy proved to be a powerful positive driver demonstrated a significant negative effect. Collectively, these variables influence firm value simultaneously, leading to the conclusion that dividend mechanisms serve as the most crucial instrument for investor valuation within the property sector.
Article Details
How to Cite
Citation FormatReferences
13 References- Agung, G., Hasnawati, S., & Huzaimah, R. A. F. (2021). The effect of investment decision, financing decision, and dividend policy on firm value: Study on food and beverage industry listed on the Indonesia Stock Exchange, 2016-2018. Jurnal Bisnis Dan Manajemen, 17(1), 1–12.
- Arifianto, M., & Chabachib, M. (2016). Analisis faktor-faktor yang mempengaruhi nilai perusahaan: Studi kasus pada perusahaan yang terdaftar pada indeks LQ-45 periode 2011-2014. Diponegoro Journal of Management, 5(1), 1–12.
- Hantono. (2015). Pengaruh current ratio dan debt to equity ratio terhadap profitabilitas pada perusahaan manufaktur sektor logam dan sejenisnya yang terdaftar di Bursa Efek Indonesia periode 2009–2013. Jurnal Wira Ekonomi Mikroskil, 5(1), 21–29.
- Harmono. (2017). Manajemen keuangan berbasis balanced scorecard: Pendekatan teori, kasus, dan riset bisnis. Jakarta: Bumi Aksara.
- Hery. (2017). Riset akuntansi. Jakarta: Gramedia Widiasarana Indonesia.
- Hery. (2018). Analisis laporan keuangan. Jakarta: Grasindo.
- Hidayat, I., & Khotimah, K. (2022). Pengaruh profitabilitas dan ukuran perusahaan terhadap nilai perusahaan sub sektor kimia. Jurnal Ilmiah Akuntansi Kesatuan, 10(1), 1–8.
- Kasmir. (2019). Analisis laporan keuangan. Jakarta: PT Raja Grafindo Persada.
- Mursalin, Hendragunawan, Alamzah, N., & Sanusi, A. (2015). Financial decision, innovation, profitability, and company value: Study on manufacturing company listed in Indonesian Stock Exchange. Journal Information Management and Business Review, 7(2), 72–78.
- Oktrima, B., & Sutrisno, B. (2023). Effect of capital structure and profitability on company values. International Journal of Educational Administration, Management, and Leadership, 4(1), 13–20.
- Riyanto, B. (2017). Dasar-dasar pembelanjaan perusahaan. Yogyakarta: Yayasan Badan Penerbit Gadjah Mada.
- Vernando, J., & Erawati, T. (2020). Pengaruh ukuran perusahaan terhadap nilai perusahaan dengan struktur modal sebagai variabel intervening: Studi empiris di BEI. Jurnal Riset Manajemen dan Bisnis, 15(1), 13–25.
- Wira, D. (2020). Analisis fundamental saham. Jakarta: Exceed.
License
Copyright (c) 2026 Selina Dila Profita, Maryono Maryono, Batara Daniel Bagana

This work is licensed under a Creative Commons Attribution 4.0 International License.
This is an open-access journal distributed under the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits unrestricted use, distribution, reproduction, and adaptation in any medium (even commercially), provided appropriate credit is given to the original author(s), a link to the license is provided, and any changes made are indicated. Authors retain copyright without restrictions and grant the journal the right of first publication as well as non-exclusive publishing rights for archiving, indexing, and scholarly dissemination.
Downloads
OJS UsageStats PluginSimilar Articles
- Pengaruh Growth Opportunity, Struktur Modal, dan Profitabilitas sebagai Variabel Intervening terhadap Nilai Perusahaan Sektor Infrastruktur yang Terdaftar di BEI Periode 2019-2023 Kardinal Kardinal, Trisnadi Wijaya, Adellia Dwi Cahya · JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) · Vol. 11 No. 6 (2025): Desember 2025
- Analisis Pengaruh Leverage dan Profitabilitas Terhadap Nilai Perubahaan Pada Bank Digital Yang Tercatat di Bursa Efek Indonesia Feni Erisabet, Habiburahman · JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) · Vol. 11 No. 3 (2025): Juni 2025
- Pengaruh Total Asset Turnover, Debt To Equity Ratio, Current Ratio, Tangibility dan Kepemilikan Publik Terhadap Profitabilitas Perusahaan Indeks LQ45 Periode 2018-2023 Linda Putri, Dina Amaulis, Nora Susanti · JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) · Vol. 11 No. 6 (2025): Desember 2025
- Pengaruh Profitabilitas dan Likuiditas Terhadap Agresivitas Pajak (Studi pada Perusahaan Energi Subsektor Batu Bara yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023) Irma Nurmala, Fauzi Arafat · JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) · Vol. 11 No. 3 (2025): Juni 2025
- Role of Stock Performance as an Intervening Variable in a Relationship Between Profitability, Leverage, Growth and Company Value Hendy Tannady, Nuzulya Pahlawi, Moch Arif Hernawan, Deddy Novie Citra Arta, Sri Dewi Yusuf · JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) · Vol. 9 No. 2 (2023): April 2023
You may also start an advanced similarity search for this article.
Most read articles by the same author(s)
- Analisis Pengaruh Pendapatan Asli Daerah dan Dana Alokasi Khusus Terhadap Kemandirian Keuangan Daerah Kabupaten dan Kota di Provinsi Jawa Tengah Periode 2022-2024 Dellen Saputra, Maryono Maryono · Vol. 11 No. 6 (2025): Desember 2025
- Faktor-Faktor yang Mempengaruhi Pendapatan Asli Daerah (PAD) Kebupaten dan Kota di Provinsi Jawa Tengah Zabrina Emilia Sitoresmi, Maryono Maryono · Vol. 11 No. 5 (2025): Oktober 2025
Recommended Articles
Journal Transparency
Additional InformationLearn more about how this journal ensures quality, ethics, and transparency.