THE EFFECT OF THE INVESTMENT OPPORTUNITY SET AND INTEREST RATES ON FIRM VALUE

Natasya Laila Lativah, Juli Murwani, Heidy Paramitha Devi

Abstract


This study aims to examine the effects of the Investment Opportunity Set (IOS) and interest rates on firm value. The study employs a quantitative approach using secondary data sourced from annual reports and financial statements of property and real estate companies obtained from the official website of the Indonesia Stock Exchange (www.idx.co.id), as well as benchmark interest rate data obtained from the official website of Bank Indonesia (www.bi.go.id). The study population comprises property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2025 period. The sample was selected using purposive sampling based on predetermined criteria, resulting in 72 companies as the study sample. The collected data were then analyzed using multiple linear regression with the aid of SPSS version 27. The results indicate that the Investment Opportunity Set (IOS) has a positive and significant effect on firm value. Meanwhile, the interest rate does not have a significant effect on firm value.

Keywords: Investment Opportunity Set (IOS), Interest Rate, Firm Value, Property and Real Estate


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References


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