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

Abstract

This research examines the effect of liquidity (Current Ratio), capital structure (Debt to Equity Ratio), and firm size (Firm Size) on firm value (Price to Book Value) listed on the Indonesia Stock Exchange (IDX). The research applies quantitatively. Furthermore, the population consists of Food and Beverage companies listed on IDX. The data collection technique used saturated sampling, in which the sample was based on the criteria given. In line with that, there were 13 Food and Beverage companies as the sample. Moreover, the data were taken for 5 years (2019-2023) with 65 data samples were analyzed. The data were secondary in the form of financial statements. The data analysis technique used multiple linear regression with SPSS 27. The result indicates that liquidity (Current Ratio) has a negative and insignificant effect on firm value (Price to Book Value). However, capital structure (Debt to Equity Ratio) has a positive and significant effect on firm value (Price to Book Value). In contrast, firm size (Firm Size) has a negative and significant effect on firm value (Price to Book Value).