THE EFFECT OF IMPLEMENTATION OF PSAK 72, RETURN ON ASSETS, COMPANY SIZE TOWARDS COMPANY VALUE ON PROPERTY AND REAL ESTATE COMPANY LISTED ON IDX 2018-2021

Abstract

The objective of this study was to examine the impact of the implementation of PSAK 72, Return on Assets (ROA), company size, on the company value of property and real estate companies listed on the Indonesian Stock Exchange (IDX). The present study employs a descriptive research using secondary data sources. The population of the study is companies listed on the IDX (Indonesia Stock Exchange) throughout the period of 2018-2021. The process of hypothesis testing is commonly performed utilizing the E-Views software. The techniques used in this study are regression analysis and hypothesis testing. From these tests, it was found that the implementation of PSAK 72, return on assets and company size has a significant positive effect on company value. It can be concluded that audit switching, company size, and solvability have a significant effect on the audit delay of property and real estate companies listed on the Indonesian stock exchange for the 2019–2021 period.