How the information asymmetry determine firm value? A case study on real estate company in IDX 2020-2022

I Ketut Santra; I Wayan Wirga; Ida Bagus Sanjaya; I Ketut Yasa; Waelan Waelan

doi:10.21744/ijbem.v6n2.2109

Authors

I Ketut Santra
ketutsantra@pnb.ac.id
Politeknik Negeri Bali, Badung, Indonesia
I Wayan Wirga Politeknik Negeri Bali, Badung, Indonesia
Ida Bagus Sanjaya Politeknik Negeri Bali, Badung, Indonesia
I Ketut Yasa Politeknik Negeri Bali, Badung, Indonesia
Waelan Waelan Politeknik Negeri Bali, Badung, Indonesia

Keywords:

firm value, information asymmetry, real estate sector, stock exchange

Abstract

Firm value is the price that prospective buyers are willing to pay if the company is sold. The purpose of this study is to determine the effect of information asymmetry on firm value. The population of this study are all Property and Real Estate Sector Companies listed on the Indonesia Stock Exchange for the 2020-2022 period, namely 40 companies. The samples used were 120 samples. The sampling technique used purposive sampling technique. The data used is secondary data, namely the company's financial statements. Data analysis in this study is multiple regression analysis. The results of the study show that information asymmetry has no effect on firm value.

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