The Influence of Related Party Transaction, Profitability, Liquidity, and Debt Policy on Firm Value in Property and Real Estate Companies Listed on IDX 2016-2020 with Firm size as a Moderating Variable

Abstract

This study aims to determine how the effect of related party transactions, profitability, liquidity, and debt policy on firm value in Property and Real Estate companies listed on the Indonesia Stock Exchange. In addition, this study also aims to determine whether firm size can be used as a moderating variable in this research model. The type of research conducted is causal associative research. The population in this study are Property and Real Estate companies listed on the Indonesia Stock Exchange from 2016-2020. The sample in this study was determined by using the judgment sampling technique. The number of observations in this study amounted to 190 data. And the analysis used in this research is the Multiple Linear Regression Analysis, and Interaction Test performed with the help of SPSS Software. The results in this study indicate that partially related party transactions and liquidity are proven to have a negative and significant effect on firm value in Property and Real Estate companies listed on the Indonesia Stock Exchange. Profitability has a positive and significant effect on firm value. Meanwhile, other results show that firm size is proven to moderate the effect of related party transactions and profitability on firm value. Keywords: Related party transactions, profitability, liquidity, debt policy, firm value, and firm size.