Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia

Research Article

Asset Management And Firm Value Of Property And Real Estate Companies In Indonesia: Profitability Moderation

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  • @INPROCEEDINGS{10.4108/eai.2-8-2023.2341609,
        author={Nurullaili  Mauliddah and Didin  Fatihudin and Moh Khoirul Maryanto},
        title={Asset Management And Firm Value Of Property And Real Estate Companies In Indonesia: Profitability Moderation},
        proceedings={Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia},
        publisher={EAI},
        proceedings_a={ICEB},
        year={2024},
        month={6},
        keywords={intellectual capital; debt to equity ratio; total aset turnover; return on equity; price to book value},
        doi={10.4108/eai.2-8-2023.2341609}
    }
    
  • Nurullaili Mauliddah
    Didin Fatihudin
    Moh Khoirul Maryanto
    Year: 2024
    Asset Management And Firm Value Of Property And Real Estate Companies In Indonesia: Profitability Moderation
    ICEB
    EAI
    DOI: 10.4108/eai.2-8-2023.2341609
Nurullaili Mauliddah1,*, Didin Fatihudin1, Moh Khoirul Maryanto1
  • 1: Universitas Muhammadiyah Surabaya
*Contact email: nurullailimauliddah@fe.um-surabaya.ac.id

Abstract

The impact of intellectual capital is examined in this study, debt policy represented as the ratio of debt to equity, and total asset turnover as a proxy for asset management on firm value moderated by profitability, where ROE is the proxy. The data for this study uses property and real estate sector company objects in Indonesia in 2016-2020 by testing using moderating regression analysis (MRA). The study's findings indicate that intellectual capital and total asset turnover positively and significantly affect firm value, proxied by price to book value. Meanwhile, No discernible impact of the debt-to-equity ratio exists on the price-to-book ratio. The influence of debt to equity ratio on significant value and the impact of intellectual capital on firm value can both be significantly strengthened by ROE but cannot enhance the effect of total asset turnover on firm value.