Optimizing Capital Structure Boosts Construction Companies' Value in Indonesia
The study looked at how capital structure, tax avoidance, and firm size impact the value of construction companies in Indonesia. They found that capital structure affects firm value, firm size affects firm value, and dividend payout ratio can moderate the effect of capital structure on firm value. However, tax avoidance does not affect firm value, and dividend payout ratio does not moderate the effect of tax avoidance or firm size on firm value.