Effect of Macro and Microeconomic Factors on Company Value in Property and Real Estate Companies Listed on the IDX for the 2017-2021 Period

Abstract

This research aims to examine the impact of macro and micro economic factors on company value. Macroeconomic factors are proxied by interest rates and inflation, while microeconomic factors are proxied by sales growth, company size and capital structure. The sample selection technique was comducted using the purposive sampling method, the data is secondary data, the data was obtained from the website of the Indonesia Stock Exchange (IDX) for the period 2017 - 2021. Multiple Linear Regression was used as a method of data analysis and data processing using the eViews 12.0 application. The results showed that macroeconomic factors, namely interest rates, did not have a significant effect on company value and inflation had a significant positive effect on company value. Microeconomic factors, namely sales growth, company size and capital structure have no effect on company value