PENGARUH KINERJA KEUANGAN DAN KONDISI FINANCIAL DISTRESS TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE

Abstract

This research wasaimed to examine the effect of financial performance and financial distress on the firm value of Food and Beverage companies. The financial performance was measured by Return On Asset, Current Ratio, and Total Asset Turnover. While the financial distress was measured by Z-score analysis. The research was quantitative. Furthermore, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 100 samples from 25 Food and Beverage companies that were listed on Indonesia Stock Exchange during 2017-2020. Moreover, the data analysis technique used multiple linear regression with SPSS 26. The result concluded that (1) Profitability which was referred to as Return On Asset did not affect firm value, (2) Liquidity which was referred to as Current Ratio had a positive effect on firm value, (3) Activity was referred to as Total Asset Turnover had a positive effect on firm value, and (4) Financial distress did not.