The Influence of Profitability, Leverage, and Firm Size to Firm Value; The Role of Independent Commissioners as Moderating Factor on Real Estate Companies listed on IDX 2021-2023 Period

This study aims to examine and analyze the effect of profitability, leverage, and firm size on firm value with the role of independent commissioners as a moderating factor in Real Estate Companies. The sample in this study was 53 real estate companies listed on the Indonesian Stock Exchange in the 2021-2023 period. The method of analysis used was Eviews. The result shows a significant relationship between profitability, leverage, and firm size with firm value. Specifically, profitability and firm size have a positive impact on firm value, while leverage also shows a significant positive effect. There is no significant evidence to support that independent commissioners moderate the relationship between profitability, leverage, or firm size and firm value. Overall, the study confirms that factors such as profitability, leverage, and firm size significantly influence firm value, while the role of Independent Commissioners as moderators in these relationships is not supported by the current data.