PENGARUH PROFITABILITAS, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to examine the capital structure which was measured by Debt to Equity Ratio (DER), profitability which was measured by Return On Assets (ROA), and firm size which was measured by Size on the firm value (PBV). Therefore, it aimed to examine empirically the effect of capital structure, profitability, and firm size on the firm value of Food and Beverages manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. Moreover, the data collection technique used purposive sampling i.e., a sample selection based on the determined criteria. The data were secondary, in the form of companies’ financial statements listed on the Indonesia Stock Exchange. Furthermore, there were 40 Food and Beverages manufacturing companies as the sample. During three periods of 2019 - 2021, the total observation data became 120 samples. The result showed that capital structure had a negative effect on the firm value. On the other hand, both profitability and firm size did not affect the firm value.