PENGARUH UKURAN PERUSAHAAN, LIKUIDITAS, LEVERAGE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aims to determine the effect of firm size, liquidity, leverage, and profitability on the firm value of Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) during 2021-2023. The firm value was referred to as Tobins’ Q, firm size was referred to as Size, liquidity was referred to as Current Ratio (CR), leverage was referred to as Debt to Equity Ratio (DER), and profitability was referred to as Return On Asset (ROA). The research applies quantitatively. The population was 72 Food and Beverage companies listed on IDX. Furthermore, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 35 companies chosen as the samples. Moreover, the data were secondary in the form of companies’ financial statements. The data analysis technique used multiple linear regression with SPSS. The result shows that firm size has a positive and significant effect on firm value. However, liquidity has an insignificant effect on firm value. In contrast, leverage has a positive and significant effect on firm value. Likewise, profitability has a positive and significant effect on the firm value of Food and Beverage companies listed on IDX during 2021-2023.