Determinants of Company Value with Asset Revaluation as an Intervening

Abstract

The study aims to determine the effect of Investment Opportunity Set, Liquidity, and Company Size both directly and indirectly on Company Value in companies that revalued assets listed on the Indonesia Stock Exchange in the 2016-2019 period. The research method used is a hypothesis testing method with a quantitative approach. The statistical test used is multiple linear regression with the use of partialsignificance test for hypothesis testing. The number of samples studied was 136 using panel data. The results showed that the direct effect of investment opportunity set and liquiditypartially had no effect on firm value, but firm size partially had an effect on firm value. While the indirect effect of investment opportunity set, and company size partially affect the value of the company. Liquidity partially has no effect on firm value through revaluation of fixed assets as an intervening variable.