PENGARUH PROFITABILITAS, AKTIVITAS, DAN LEVERAGE TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN FOOD AND BEVERAGES

Abstract

Building company aims to achieve the maximum profit and improve the stakeholders wealthy. Moreover, it also aimed to maximize the firm value. This research aimed to examine the effect of profitability, activities, and leverage on the firm value which were referred to Return on Equity, Total Assets Turnover, Debt to Equity Ratio and Price to Book Value. The population was Food and Beverages companies which were listed on Indonesia Stock Exchange 2013-2017. While, the sampling colletion technique used purposive sampling in which the sample was collected based on the criteria given. Moreover, there were 11 companies as sample. In addition, the data analysis technique used multiple linear regression with SPSS (Statistic Product and Service Solution) version 22. The data result concluded, from hypothesis test, profitability and positive but insignificant effect on the firm value. On the other hand, the activities had negative but significant effect on the firm value. While, leverage had negative and insignificant effect on the firm value of Food and Beverages companies which were listed on Indonesia Stock Exchange 2013-2017.
Keyword: profitability, activities, leverage, firm value