PENGARUH PROFITABILITAS, STRUKTUR MODAL DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2022

Abstract

This research aimed to examine the effect of profitability which was measured by Return On Equity (ROE), capital structure which was measured by Dividend Earning Ratio (DER), and liquidity which was measured by Current Ratio (CR) on the firm value which was measured by Price to Book Value (PBV). The research was qualitative. Moreover, the data were from companies annual financial statements on the Indonesia Stock Exchange (IDX). The population was 22 Food and Beverages companies listed on IDX during 2020-2022. Furthermore, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 66 samples taken during 3 years of observation (2020-2022). The data analysis technique used multiple linear regression. Based on the result, it concluded as follows: (1) Profitability had a significant effect on firm value, (2) Capital structure had on insignificant effect on firm value, and (3) Liquidity had on insignificant effect on firm value.