PENGARUH STRUKTUR MODAL, UKURAN PERUSAHAAN, DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aimed to find out and examine empirically the effect of capital structure, firm size, and debt policy on firm value. Moreover, it was conducted to improve the knowledge and add to the reader's knowledge related to the capital structure, firm size, and debt policy affecting the firm value. The research was quantitative. Moreover, the data collection technique used purposive sampling, in which the sample was based on the criteria given. The population was 31 Food and Beverages companies listed on the Indonesia Stock Exchange (IDX) during 2020-2022. In line with that, there were 93 data observation samples. Furthermore, the data were taken from the idx.co.id website. The data analysis technique used multiple linear regression. The result concluded that (1) the capital structure had a positive and significant effect on the firm value of Food and Beverage companies. (2) On the other hand, the firm had a positive but insignificant effect on the firm value of Food and Beverage companies. (3) In contrast, debt policy had a negative and significant effect on the firm value.