PENGARUH LEVERAGE, INOVASI, DAN PERTUMBUHAN PENJUALAN TERHADADAP NILAI PERUSAHAAN (PADA PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA)

  • Syabillah Chusnur Rofida
  • Kurnia

Abstract

This research aimed to examine the effect of leverage, innovation, and sales growth on the firm value of Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The leverage was measured by Debt to Equity Ratio (DER), innovation was measured by (Intensity of R&D), sales growth was measured by Growth, and firm value was measured by PBV. Moreover, the data were secondary in form of companies’ financial statements. The research was quantitative. Furthermore, the population was Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX) during 2017-2021. The data collection technique used purposive sampling. In line with that, there were 11 companies as the sample. Additionally, the observation period was 5 years. Therefore, in total there were 55 data of companies that were analyzed. In addition, the data analysis technique used multiple linear regression with SPSS 21. The result concluded that both leverage and innovation had a positive effect on firm value. However, sales growth did not affect firm value.

Published
2023-05-31