Electronic Theses and Dissertation

Abstrak penelitian ini bertujuan untuk menguji hubungan modal kerja terhadap nilai perusahaan pada perusahaan property and real estate yang tercatat di bursa efek indonesia (bei). sampel dalam penelitian ini adalah perusahaan property and real estate di bursa efek indonesia selama periode 2018-2022. penelitian ini menggunakan pendekatan teori agensi dan teori struktur modal dengan data panel sebanyak 40 perusahaan property and real estate yang tercatat di bursa efek indonesia. metode pengumpulan sampel yang digunakan adalah purposive sampling method. metode analisis yang digunakan adalah analisis regresi linier berganda menggunakan model random effect. hasil penelitian menunjukkan bahwa inventory conversion period dan days account recivable berpengaruh negatif dan signifikan terhadap nilai perusahaan (tobin’s q), namun days account payable dan cash conversion cycle berpengaruh positif signifikan terhadap nilai perusahaan (tobin’s q). kata kunci: inventory conversion period, days account recivable, days account payable, cash conversion cycle, nilai perusahaan, modal kerja

ABSTRACT This research aims to examine the relationship between working capital and company value in property and real estate companies listed on the Indonesia Stock Exchange (IDX). The sample in this research is property and real estate companies on the Indonesia Stock Exchange during the 2018-2022 period. This research uses an agency theory approach and capital structure theory with panel data of 40 property and real estate companies listed on the Indonesian stock exchange. The sample collection method used was the purposive sampling method. The analytical method used is multiple linear regression analysis using a random effect model. The research results show that the inventory conversion period and days account recivable have a negative and significant effect on company value (tobin's q), but days account payable and cash conversion cycle have a significant positive effect on company value (tobin's q). Keywords: inventory conversion period, days account recivable, days account payable, cash conversion cycle, firm value, working capital