PENGARUH LEVERAGE, PROFITABILITAS DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGES YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This reseach aimed to determine and analyze the effect of leverage, profitability, and liquidity on the firm value of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX). Leverage was measured by DER (Debt to Equity Ratio). While Profitability was measured by ROA (Return On Asset) (ROA), and Liquidity was measured by CR (Current Ratio).The reseach was quantitative with a causal-comparative approach. Moreover, the data were secondary, in the form of finncial statements in IDX. The data collection technique used a purposive sample, in which the sample was based on the criteria given. In line with that, there were 11 companies as the sample during 5 years (2018-2022). Therefore, in total, there were 55 samples observed. Furthermore, the data analysis technique used multiple linier regression with SPSS 26.The result showed that leverage (DER) positively and significantly affected firm value. Likewise, profitability had a significantly positive effecct on firm value. However, liquidity (CR) had a positive but insignificant effect on firm value.