PENGARUH PROFITABILITAS, STRUKTUR MODAL, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA SEKTOR FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study aims to examine the effect of profitability, capital structure, and leverage on firm value. Profitability is measured using return on assets (ROA), capital structure is measured using debt to equity ratio (DER), leverage is measured using debt to assets ratio (DAR), and firm value is measured using price to book value (PBV). This type of research is quantitative with secondary data collection methods through intermediary media. Sampling was done using purposive sampling technique so that this study used 72 samples from 24 companies that met the criteria. Data analysis technique used Multiple Linear Regression Analysis calculated using SPSS version 26. The study used multiple linear regression and data analysis, using classical assumption tests including normality, muticollinearity, heteroscedasticity, and autocorrelation tests. The results of this study indicate that profitability has no effect on firm value. While capital structure and leverage have an effect on firm value.