PENGARUH PROFITABILITAS, STRUKTUR MODAL DAN LEVERAGE TERHADAP NILAI PERUSAHAAN FOOD AND BEVERAGE

Abstract

This research aimed to examine the effect of profitability(ROA), capital structure (DAR), leverage(DER), to the firm value (PBV) at food and beverages companies which were listed on Indonesia Stock Exchange (IDX),Return on assets was measured by profit after tax over asset. Debt to assets ratio measured by compare between total debt with active total. Furthermore, debt to equity ratio measured by comparing between total debt with total equity. Meanwhile, Price to book value which conducted by comparing the market price each of the stocks with the book value of each stocks.This research was qualitative. There were 18 food and beverages companies which were listed on Indonesia Stock Exchange (IDX) during 5 years,i.e. 2014-2018. The sample method used purposive sampling,i.e. determined criteria to took the research sample and on the result of this research it was obtained 11 companies sample. Moreover, the analysis method used multiple linier regressions with SPSS 25 version.Based on the examination by model feasibility test (F test) found that profitability,capital structure, and leverage were feasible to use in this research. Meanwhile,the result of hypothesis test (t test) was stated that profitability had positive and significant effect to the firm value (PBV), Capital Structure gave negative and insignificant effect to the firm value (PBV), also leverage gave positive and significant effect to the firm value (PBV) at food and beverages companies which were listed on Indonesia Stock Exchange (IDX).
Keywords: profitability, capital structure, leverage, firm value