PENGARUH PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN SUB SEKTOR FOOD AND BEVERAGE DI BEI

Abstract

The higher the stock price was, the higher the firm value and stakeholders’ wealth would be.
This research aimed to find out the effect of profitability which was referred to Return On
Equity, leverage which was referred to Debt to Equity Ratio, and firm size which was referred
to Size on firm value of Food and Beverages companies which were listed on Indonesia
Stock Exchange (IDX). While the research was quantitative. Moreover, the data collection
technique used purposive sampling. Furthermore, the population was 34 Food and
Beverages companies which were listed on IDX during 2016-2020. In line with that, there
were 13 companies that fulfilled the criteria as samples. Additionally, the data analysis
technique used multiple linear regression. In addition, the data were analyzed by SPSS 25.0.
According to the research result, from the hypothesis test, it concluded that profitability had a
positive and significant effect on firm value. On the other hand, leverage had a positive but
insignificant effect on firm value. Likewise, firm size had a positive but insignificant effect on
firm value.