Real Estate Sub-sectors Research Articles

The Influence of Return on Equity and Debt to Asset Ratio on Financial Distress in Properties Subsector Companies and Registered Real Estate on the Indonesian Stock Exchange Period 2015-2023

This research aims to determine the effect of return on equity and debt to asset ratio on financial distress. The research method used is an associative descriptive method with a quantitative approach. The population in this research is the Properties and Real Estate subsector companies listed on the Indonesia Stock Exchange for the 2015-2023 period. The sample for this research was determined using a Purposive Sampling technique and obtained 4 companies in the Properties and Real Estate subsector with an observation period of nine years to obtain 36 sample data. Hypothesis testing in this research uses panel data regression analysis using the E-Views 12 program and the confidence level used is 5%. The results of this research show that simultaneously return on equity and debt to asset ratio have a significant effect on financial distress with a significance of 0.0000 < 0.05 and f-count > f-table (34.14013 > 3.327654499) and the coefficient of determination using Adjusted R-Squared is equal to 61.73% while the remaining 65.44% was influenced by other variables not examined in this research. Meanwhile, partially return on equity has a significant positive effect on financial distress with a significance of 0.0018 < 0.05 and t-count > t-table (3.387986 < 2.04227), debt to asset ratio has a significant negative effect on financial distress with a significance of 0.0004 < 0.05 and t-count > t-table (|-3.912824| > 2.04227).

Mapping the landscape: A systematic literature review on automated valuation models and strategic applications in real estate

In the rapidly evolving real estate industry, integrating automated valuation models (AVMs) has become critical for improving property assessment accuracy and transparency. Although there is some research on the subject, no thorough qualitative systematic review has been done in this field. This paper aims to provide an up-to-date and systematic understanding of the strategic applications of AVMs across various real estate subsectors (i.e., real estate development, real estate investment, land administration, and taxation), shedding light on their broad contributions to value enhancement, decision-making, and market insights. The systematic review is based on 97 papers selected out of 652 search results with an application of the PRISMA-based method. The findings highlight the transformative role of AVMs approaches in streamlining valuation processes, enhancing market efficiency, and supporting data-driven decision-making in the real estate industry, along with developing an original conceptual framework. Key areas of future research, including data integration, ethical implications, and the development of hybrid AVMs approaches are identified to advance the field and address emerging challenges. Ultimately, stakeholders can create new avenues for real estate valuation efficiency, accuracy, and transparency by judiciously utilizing AVMs approaches, leading to more educated real estate investment decisions.

Influences on financial statement integrity: the role of intellectual capital, independent commissioners, and gender diversity

<span>This study aimed to determined the impact of intellectual capital, independent commissioners, gender diversity, and financial statement integrity in property and real estate subsector companies listed on the Indonesia Stock Exchange (IDX) during the period 2019-2023. Financial statement integrity was measured using market to book value (MBV). The population included property and real estate companies listed on the IDX for the period 2019-2023. Purposive sampling was used to select 8 companies meeting the criteria, providing a total of 40 observation data points. Panel data regression analysis was performed using E-views 12. Results indicate that intellectual capital, independent commissioners, and gender diversity had a simultaneous effect on financial statement integrity. However, intellectual capital and independent commissioners did not affect financial statement integrity, while gender diversity had a negative impact on financial statement integrity. Property and real estate companies should enhance financial statement integrity to increase investor confidence, strengthen market reputation, and gain sustained competitive advantage.</span>

Pengaruh Current Ratio, Return on Equity dan Debt to Equity Ratio Terhadap Harga Saham pada Perusahaan Manufaktur Sub Sektor Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia pada Tahun 2014-2023

With a focus on manufacturing companies in the property and real estate subsector listed on the Indonesia Stock Exchange, the purpose of this study is to ascertain the impact of current ratio, return on equity, and debt to equity ratio on stock prices for the years 2014–2023. This study employs a quantitative methodology that combines a verification and descriptive strategy. The traditional assumption test, multiple linear regression, Pearson correlation coefficient, determination coefficient, and hypothesis testing with partial (t-test) and simultaneous (f-test) tests are among the statistical testing techniques used. Sixty financial reports from businesses in the Manufacturing Companies in the Property and Rail Estate Sub-Sector provided the sample data. Purposive sampling combined with nonprobability sampling is being used. IBM SPSS version 26.0 was the analysis tool used in this investigation. According to the study's findings, stock prices are somewhat influenced by the current ratio, return on equity, and debt to equity ratio. Stock prices are significantly impacted by the study's concurrently obtained current ratio, return on equity, and debt to equity ratio.

The Impact of Return on Asset, Debt to Equity Ratio, Current Ratio and Firm Size on Price to Book Value in Service Companies in the Property and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange from 2015 to 2023

In the Property and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange from 2015 to 2023, this study aims to determine how characteristics such return on asset, debt to equity ratio, current ratio, and company size effect price to book value. The methodology used in this study is quantitative and includes a descriptive and verification approach. The statistical analysis approach of verification makes use of hypothesis testing with partial and simultaneous tests (f and t tests), multiple linear regression, Pearson product moment correlation coefficient, determination coefficient, and traditional assumption testing. The 72 financial reports of companies listed on the Indonesia Stock Exchange that are part of the Property and Real Estate Sub-Sector provide the sample data. In addition to nonprobability sampling, this study used a purposive sample method. For data processing, SPSS software version 26.0 is utilized. The results of an initial investigation indicate that there is a clear correlation between return on asset and price to book value. Price to book value is not significantly impacted by the debt to equity ratio. At most, there is very little effect of institutional ownership current ratio on price to book value. Firm size has no effect on price to book value and does not have a major impact. Concurrently, the study's results show how price to book value is affected by return on asset, debt to equity ratio, current ratio, and firm size.

Analisis Determinan Faktor Cash Holding pada Subsektor Property and Real Estate yang Terdaftar di Bursa Efek Indonesia

This study aims to determine and analyze the effect of Growth Opportunity, Leverage (DAR), Net Working Capital, Operating Cash Flow on Cash Holding in the Property and Real Estate Subsector listed on the Indonesia Stock Exchange in 2021.The sampling in this study used purposive sampling techniques, with the final sample obtained was 50 companies. The type of data used is secondary data obtained from financial statements published through IDX. The analysis technique used is multiple linear regression analysis with the use of SPSS program version 25.The results of the analysis explain that (1) Growth opportunity has a negative insignificant effect on Cash holding (2) Leverage (DAR) has a positive insignificant effect on Cash holding (3) Net Working Capital has a positive insignificant effect on Cash holding (4) Operating cash flow has a significant positive effect on Cash holding (5) Growth opportunity, Leverage (DAR), Net Working Capital, Operating cash flow silmutant has a significant positive effect.

Effect of Total Asset Turn Over, Current Ratio and Sales Growth on Return on Asset with Firm Size as a Moderating Variable (In Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange 2015-2022)

Effect of Total Asset Turn Over, Current Ratio and Sales Growth on Return on Asset with Firm Size as a Moderating Variable (In Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange 2015-2022)

Pengaruh Current Ratio, Debt To Equity Ratio, Return On Asset Dan Sales Growth Terhadap Devidend Payout Ratio

The purpose of the research is to explore the impact of financial factors, such as Current Ratio, Debt to Equity Ratio, Return on Asset, and Sales Growth, on Dividend Payout Ratio in property and real estate sub-sector manufacturing companies that have been listed on the IDX from 2016 to 2022. The research results obtained through the application of quantitative methods that integrate verification and descriptive approaches to find clarity of knowledge. The study applied secondary data, namely the Financial Statements of property and real estate subsector manufacturing companies for 7 years (2016-2022). Sampling using nonprobability sampling, namely purposive sampling, where from a total of 85 populations listed on the IDX, only 8 populations managed to meet the criteria and could be recommended for use in the study. Descriptive analysis shows the range of Devidend Payout Ratio (DPR) values between 2.20 and 93.00, with an average of 28.005 and a standard deviation of 21.57081. DPR that exceeds the industry range of 20%-50% indicates good performance for shareholders or investors. The verification test results state that Current Ratio (CR), Debt to Equity Ratio (DER), and Return On Asset (ROA) have a significant influence on DPR, while Sales Growth (SG) has no effect. The simultaneous interaction between CR, DER, ROA, and SG also affects DPR significantly, explaining 76.4% of DPR variation. Keywords: Current Ratio; Debt to Equity Ratio; Return on Asset; Sales Growth; and Dividend Payout Ratio.

The effect of inflation, interest rates, working capital turnover, receivables turnover on share prices of property and real estate sub-sector companies listed on the IDX

This study aims to investigate the Effects of Inflation, Interest Rates, Working Capital Turnover, and Receivables Turnover on Share Prices in Property and Real Estate subsector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The background of this research arises from the need for further understanding of the economic and financial factors that may affect stock prices in the property and real estate sectors. This study uses a quantitative approach with a population of all property and real estate subsector companies listed on the Indonesia Stock Exchange, totaling 85 companies. The research sample was taken by purposive sampling method, and the number of samples set was 10 companies. Data was collected from the annual financial statements of these companies during the study period. The data analysis method used is a regression test with a t test to see the influence of variables partially, an F test to see the influence simultaneously, and a coefficient of determination (R2) test to find out how much variation in Stock Prices can be explained by independent variables. The results showed that Inflation, Interest Rates, and Working Capital Turnover had a significant influence on Stock Price, while Receivables Turnover did not have a significant influence. Simultaneously, these four variables have a significant influence on the Share Price of Property and Real Estate subsector companies.

Analysis Of Company Growth and Liquidity on Profitability (Financial study on property and real estate sub-sectors listed on the on the IDX)

Analysis Of Company Growth and Liquidity on Profitability (Financial study on property and real estate sub-sectors listed on the on the IDX)

STRATEGI PENINGKATAN NILAI PERUSAHAAN: Peran Struktur Modal, Pertumbuhan, dan Kepemilikan Institusional

The purpose of this research is to determine the influence of Capital Structure, Company Growth, Institutional Ownership Structure on Company Value. The population used in this research was 86 property and real estate services sub-sector companies listed on the Indonesian stock exchange with a sample of 15 companies and 5 years of observation with a total sample of 75 data. This research was conducted using quantitative descriptive analysis. The object of this research is the Property and Real Estate Sub-Sector Companies listed on the Indonesia Stock Exchange for the 2018-2022 period. Data collection was carried out using the purposive sampling method. The data analysis techniques used are classical assumption testing, panel data regression analysis and hypothesis testing. The results of this research conclude that simultaneously, capital structure, company growth and institutional ownership structure have a positive effect on company value in property and real estate services sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period, whereas partially capital structure does not influence on company value in property and real estate services sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period, company growth has a positive effect on company value for property and real estate services sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period , and it was concluded that the institutional ownership structure had no effect on company value in Property and real estate services sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2022 period. The results of this research suggest that the company should increase the effective use of assets so that the company's share price can increase and be able to generate the expected profits. By increasing profits, the value of the company will also increase. This can attract the attention of investors to invest.

The Effect of Good Corporate Governance and Liquidity Mechanisms on Financial Performance (Empirical Study on Property and Real Estate Sub-Sector Companies Listed on the Indonesia Stock Exchange for the 2019-2022 Period)

This study examines the effect of Good Corporate Governance and liquidity mechanisms on financial performance in property and real estate sub-sector companies listed on the Indonesia Stock Exchange. Good corporate governance in this study is proxied with independent commissioners, audit committees, and institutional ownership. Liquidity is proxied by the current ratio. Financial performance is proxied by returns on assets (ROA). The purpose of this study is to analyze the influence of independent commissioners, audit committees, institutional ownership and current ratios on financial performance. The formulation of the problem in this study is whether independent commissioners, audit committees, institutional ownership and current ratios affect financial performance. The methods used in this study are descriptive methods and explanatory causal methods with a quantitative approach. The results of this study show that independent commissioners and institutional ownership have no effect on financial performance. While the audit committee and current ratio have a negative and significant effect on financial performance.

THE IMPACT OF THE INFLUENCE OF PROFITABILITY, COMPANY SIZE, AND LEVERAGES ON TAX AVOIDANCE

The research aims to empirically test the influence of profitability, company size, and leverage on tax avoidance. The independent variables are profitability with the Net Profit Margin, firm size with the natural logarithm of total assets, leverage with debt to equity ratio and the dependent variable uses tax avoidance with the Effective Tax Rate minus the Cash Effective Tax Rate. The samples tested in the research were the substance of the property and real estate subsector listed on the IDX for the 2019 to 2021 period. There are financial reports for 17 entities, with 51 data assessed as meeting the criteria. The research method uses descriptive statistical tests, which then perform classical tests of hypotheses, including normality, heteroskedasticity, multicollinearity, and autocorrelation. In addition, the hypothesis regarding the influence of the independent variable on the dependent variable is tested. This test uses F-test statistics (simultaneous), T-test (partial), and coefficient of determination, which are then continued in the study using multiple regression analysis. Based on the subtest results, it was found that profitability and debt have significantly favorable effects on tax avoidance and that firm size has no effect on tax avoidance.

Analysis The Effect Of Profitability, Liquidity, Company Size, And Sales Growth On Capital Structure

This study aims to determine and analyze the influence between Profitability, Liquidity, Company Size, and Sales Growth on Capital Structure in public companies in the property and real estate sub-sector on the Indonesia Stock Exchange for the period 2011-2015. In this study, four variables were taken that allegedly affect Capital Structure, namely Profitability, Liquidity, Company Size, and Sales Growth with multiple linear regression analysis equations using the Stepwise method, classical assumption testing consisting of normality tests, multicollinearity tests, heteroscedasticity tests and autocorrelation tests using the Statistical Product for Social Science (SPSS) program version 22.0 for windows and Microsoft Excel 2016. The sample of companies was taken as many as 33 companies from 49 populations of property and real estate sub-sector companies on the Indonesia Stock Exchange. The results of this study show that partially, Liquidity, and Company Size have a significant influence on Capital Structure. Meanwhile, in terms of model feasibility there is a significant influence between Liquidity, Company Size, and Sales Growth on Capital Structure. Should be able to pay more attention to the movement or change of Capital Structure based on the variables of Profitability, Liquidity, Company Size, and Sales Growth. Because these variables can affect the rise or fall of the Capital Structure in public companies, propert and real estate sub-sectors.

Exploring the relationship between economic diversification and energy-related CO2 emissions in a petroleum-producing country

Purpose This study aims to quantify sectoral energy and carbon intensity, revisit the validity of the Environmental Kuznets Curve (EKC) and explore the relationship between economic diversification and CO2 emissions in Bahrain. Design/methodology/approach Three stages were followed to understand the linkages between sectoral economic growth, energy consumption and CO2 emissions in Bahrain. Sectoral energy and carbon intensity were calculated, time series data trends were analyzed and two econometric models were built and analyzed using the autoregressive distributed lag method and time series data for the period 1980–2019. Findings The results of the analysis suggest that energy and carbon intensity in Bahrain’s industrial sector is higher than those of its services and agricultural sectors. The EKC was found to be invalid for Bahrain, where economic growth is still coupled with CO2 emissions. Whereas CO2 emissions have increased with growth in the manufacturing, and real estate subsectors, the emissions have decreased with growth in the hospitability, transportation and communications subsectors. These results indicate that economic diversification, specifically of the services sector, is aligned with Bahrain’s carbon neutrality target. However, less energy-intensive industries, such as recycling-based industries, are needed to counter the environmental impacts of economic growth. Originality/value The impacts of economic diversification on energy consumption and CO2 emissions in the Gulf Cooperation Council petroleum countries have rarely been explored. Findings from this study contribute to informing economic and environment-related policymaking in Bahrain.

Factors Affecting The Integrity Of Property And Real Estate Company Financial Statement

Companies have a responsibility to uphold integrity when disclosing financial reports. This research examines Indonesian Stock Exchange-listed companies in the property and real estate subsector from 2017 to 2021, specifically focusing on the ownership structure of financial, leverage, and intellectual assets and their impact on the integrity of financial statements. Quantitative methods, including panel data regression and descriptive statistics, are used to test hypotheses. A purposive sampling technique was utilised, resulting in a sample of 16 companies and 70 observation data points. The results indicate that ownership by institutions, managers, financial leverage, and intellectual assets collectively impact the honesty of financial statements. According to the findings, leverage affects the integrity of financial accounts somewhat positively, whereas managerial ownership exerts an adverse impact. However, no significant influence was found between institutional ownership and intellectual capital in relation to financial statement integrity.

The Influence of Financial Distress, Profitability, and Firm Size on Audit Delay (An Empirical Study on Companies in the Properties and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange for the Period of 2017-2021)

The Influence of Financial Distress, Profitability, and Firm Size on Audit Delay (An Empirical Study on Companies in the Properties and Real Estate Sub-Sector Listed on the Indonesia Stock Exchange for the Period of 2017-2021)

PENGARUH KEPUTUSAN INVESTASI, LIKUIDITAS, UKURAN PERUSAHAAN DAN STRUKTUR MODAL TERHADAP NILAI PERUSAHAAN

The purpose of this study is to identify the factors that influence firm value. This study examines the effect of investment decisions, liquidity, firm size and capital structure on firm value in property and real estate subsector service companies listed on the Indonesia Stock Exchange for the 2020-2022 period. With the purposive sampling method, there were 159 data samples that met the population criteria in this study. Descriptive statistical analysis and multiple linear regression analysis were carried out in this study using the SPSS Statistic 29 data processing application. The results showed that investment decision and liquidity variables had an effect on firm value, while firm size and capital structure had no effect on firm value.

Pengaruh Rasio Solvabilitas, Sales Growth Dan Total Asset Turnover Terhadap Pertumbuhan Laba

The purpose of this study was to determine the effect of solvency ratios, sales growth and total asset turnover on profit growth in Property and Real Estate Sub-Sector Companies listed on the Indonesia Stock Exchange (IDX). The sampling technique used purposive sampling technique. Based on the predetermined criteria obtained 14 companies. The type of data used is secondary data obtained from the Indonesia Stock Exchange website. The analytical method used is panel data regression analysis. The results showed that sales growth had a significant positive effect on profit growth, the solvency ratio and total asset turnover had no effect on profit growth .

Determinants of stock returns in property and real estate companies listed on the Indonesia Stock Exchange

Purpose — This study aims to investigate the influence of macroeconomic factors, including economic growth, inflation, the rupiah exchange rate, and interest rates, as well as corporate financial performance indicators such as leverage and profitability, on the stock returns of Indonesian Property and Real Estate Sub-Sector companies.Method — The research data consists of annual data obtained from the Indonesia Stock Exchange, the Indonesia Central Bureau of Statistics, and Bank Indonesia for the period from 2017 to 2021. The research population comprises 36 Property and Real Estate companies listed on the Indonesia Stock Exchange. Out of these, 28 companies meet the sample requirements. The analysis employs panel data regression to examine the data.Result — The results indicate that inflation and exchange rates have a negative and statistically significant impact on stock returns. On the other hand, economic growth, interest rates, return on equity, and the debt-to-equity ratio exhibit a positive influence on stock returns, although these effects are not statistically significant.Contribution — This study's distinctive contribution is its focused analysis of the Property and Real Estate Sub-Sector in Indonesia. It stands out by exploring the intricate relationship between macroeconomic factors and financial performance variables concerning the stock returns of companies within this sub-sector. This nuanced approach provides valuable insights into a specific industry within the Indonesian market, shedding light on previously unexplored dynamics and contributing to a deeper understanding of how these factors affect stock returns in this context.