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The purpose of this study is to investigate the influence of internal and external factors on the firm value of property and real estate companies listed in Indonesia Stock Exchange. The dependent variable used in this study is Price to Book Value. The Internal factors used in this study are a debt to equity ratio, asset growth, and return on equity, while the external factors used are inflation, exchange rates, and economic growth. The data collected from financial statements of companies in property and real estate companies listed in Indonesia Stock Exchange during the period from 2013 to 2017, and samples were taken from 20 companies. Panel data regression was applied to establish the relationship between dependent and independent variables. The results showed that the internal factors such as debt to equity ratio, return on equity, and asset growth had a significant positive relationship with price to book value. The external factors such as inflation had a significant positive relationship with a price to book value, the exchange rate had a significant negative relationship with a price to book value and the economic growth had no relationship with a price to book value. This study recommends that companies take a policy of using debt as a source of investment financing and also need to improve company performance. Companies need to pay attention and anticipate the changes of external factors, especially exchange rates, because the exchange rate is the most influential factor in the value of the company.

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This study aims to analyze recommendations that Indonesia could undergo to increase it’s coffee export performance through factors influencing it’s coffee export growth driver. The analysis using export decomposition showed that since 1994-2013, Indonesian coffee export has been dominated by commodity (grean bean). Export in the form of commodity is fragile regarding it’s volatile price in the international market. This lead to recommend higher processed coffee incorporated in Indonesian coffee export structure. At the same time, regarding the characteristics of the product, the diversification of Indonesian coffee product from green bean to coffee extract is in parallel with the destination country. Gravity model on top three destination countries for Indonesian coffee extract, namely Phillipines, China and Lebanon suggest that supply side, trade agreement and currency are the most influencing factors to trade, and that distance plays insignificant role.

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