The Influence of Corporate Policy and Financial Performance on Company Value with Macroeconomic Factors as Moderating Variables

Abstract

The pursuit of corporate value is crucial in corporate finance discussions, especially for companies listed on stock exchanges like the Indonesia Stock Exchange (IDX). This study investigates the influence of corporate policies and financial performance on firm value in the Property and Real Estate sector from 2017 to 2022, with macroeconomic factors as moderating variables. Using secondary data and panel data regression analysis, the study finds that debt to equity ratio, return on equity, and return on asset positively affect firm value, with interest rates moderating the relationship between debt policy and firm value. However, the study has limitations, including its sectoral and temporal focus and limited variables, suggesting avenues for future research to enhance understanding and applicability.