PENGARUH KINERJA KEUANGAN DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FOOD AND BEVERAGES DI BEI

Abstract

This research aimed to examine the effects of profitability, liquidity, solvability and firm size on firm value of Food and Beverages companies during 2015-2019. While profitability was referred to Return On Asset, liquidity was referred to Current Ratio, solvability was referred to Debt to Equity Ratio and firm size was referred to Firm Size. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on given criteria. In line with, there were 9 from 26 Food and Beverages companies which were listed on Indonesia Stock Exchange during 2015-2019. Furthermore, the data analysis technique used multiple linear regression. The research result concluded as follows: (1) Return on assets had a positive effect on firm value.This meant the first hypothesis was proven, (2) Current Ratio had a negative effect on firm value. It meant the second hypothesis was proven, (3) Debt to Equity Ratio had a positive effect on firm value. In other words, the third hypothesis was proven, (4) firm size had a negative effect on firm value. In other words, the fourth hypothesis was proven.
Keywords: profitability, liquidity, solvability, firm size, firm value